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Fly News Breaks for November 4, 2015
GTT
Nov 4, 2015 | 09:27 EDT
Drexel Hamilton upgraded GTT Communications to Buy ahead of earnings. Analyst Barry M. Sine said GTT's recent acquisitions have added higher margin managed security and voice services which can be sold to existing clients and used to expand the client base. Sine expects high teens organic top line growth, margin expansion, and at least one major acquisition to drive top line growth. The analyst views valuation as attractive and established a $28 price target on shares.
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