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Fly News Breaks for September 16, 2015
GTT
Sep 16, 2015 | 07:35 EDT
After GTT announced that it would acquire One Source Networks for $175M, Pacific Crest thinks the deal will be accretive to shares of GTT. The firm notes that One Source generated organic revenue growth of 39% last quarter and has over 100 employees. Pacific Crest raised its price target on GTT to $37 from $31 and keeps an Overweight rating on the shares.
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