Credit Suisse analyst Sami Badri raised the firm's price target on Cogent to $86 from $75 and keeps an Outperform rating on the shares following the company's Q4 results. Cogent's position as a low-cost pure-play internet provider, with revenue per connection that most competitors can't match allows it to perform relatively well, even in turbulent environments, Badri tells investors in a research note. The company will continue to deploy capital at a comparable rate, maintaining its dividend growth levels with the potential for some share repurchases in 2020 given enough market volatility.