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Fly News Breaks for March 6, 2018
GOGO
Mar 6, 2018 | 09:03 EDT
William Blair analyst Louie DiPalma expects shares of Gogo to react positively to the news of Oakleigh Thorne being named CEO. Gogo is "in good hands" with 30% shareholder and longtime director Thorne taking over, as he grasps "both technical details and the big picture," DiPalma tells investors in a research note. The new CEO does not need to do anything "extraordinary" for Gogo's stock price to "substantially appreciate," the analyst adds. He keeps an Outperform rating on Gogo.
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