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Fly News Breaks for August 17, 2017
COMM
Aug 17, 2017 | 07:34 EDT
As previously reported, Morgan Stanley analyst upgraded CommScope to Overweight from Equal Weight and maintained a $38 price target. Analyst Meta Marshall believes CommScope is positioned to take wallet share as carriers build more efficient networks, which will more than offset market concerns over near-term spend volatility or near-term headwinds in the FTTH markets. Marshall said reset expectations following Q2 results creates an attractive entry point as the market is overly discounting a resumption in demand.
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