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Fly News Breaks for May 5, 2016
FRP
May 5, 2016 | 07:54 EDT
As previously reported, Drexel Hamilton upgraded FairPoint to Buy from Hold with a $15 price target. Analyst Barry Sine said the company is back on track following the better than expected Q1 report. Broadband subscriber growth turned positive and the company is close to a return to pre-strike subscriber levels and residential phone lines posted their smallest decline since the company acquired Verizon's northern New England landline business in 2007, Sine said.
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