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Fly News Breaks for November 10, 2016
GTT
Nov 10, 2016 | 08:57 EDT
Cowen analyst Jonathan Charbonneau noted the GTT Communications deal with Hibernia is positive since it provides further scale to GTT's network. The analyst sees it expanding its product portfolio/customer base at an attractive price. Charbonneau said it leaves the company well positioned for solid top-line growth, expanding margins, and meaningful free cash flow generation. Charbonneau reiterated his Outperform rating and $31 price target on GTT Communications shares.
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