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Fly News Breaks for March 9, 2017
GTT
Mar 9, 2017 | 08:07 EDT
Pacific Crest analyst Brandon Nispel says that GTT's Q4 results were "solid," but the analyst says that investors focused on the decline of the revenue of Hibernia which GTT is acquiring. The analyst continues to expect the synergies from the deal to exceed the company's guidance and he remains upbeat on its growth outlook. He cut his price target on the shares to $32 from $37 but keeps an Overweight rating on the stock.
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