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Fly News Breaks for August 31, 2015
AKAM
Aug 31, 2015 | 07:01 EDT
Deutsche Bank analyst Vijay Bhagavath recommends Akamai as a pure play on the TV over-the-top theme. He views Internet video traffic from OTT as a $500M-plus a year opportunity for the company and raised his price target for shares to $80 from $77. He thinks Akamai's Media Delivery business can grow high teens versus the consensus view of mid-teens and keeps a Buy rating on the name.
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