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Fly News Breaks for January 22, 2018
GTT
Jan 22, 2018 | 08:45 EDT
Craig-Hallum analyst George Sutton raised his price target for GTT Communications to $50 from $40 saying the company continues to have an "enormous opportunity" as the disruptor brand within a huge, growing market paired with a near-term product catalyst. In the next twelve months, the analyst sees a "clear path to $50+" and as the company executes toward its next financial objectives of $2B in revenues and $550M in EBITDA over the next four years or less, a "clear path to $100." The analyst reiterates a Buy rating on the shares.
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