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Fly News Breaks for February 13, 2018
ADT
Feb 13, 2018 | 07:42 EDT
RBC Capital analyst Gary Bisbee initiated ADT with an Outperform rating and a price target of $16, saying the company is a "clear leader in a defensive and growing industry" while offering a profitable and recurring business. The analyst adds that the current valuation on the stock offers a 15% discount to cable/broadband peers, which can narrow over time as the company drives further operational improvements.
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