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Fly News Breaks for February 26, 2018
GTT
Feb 26, 2018 | 14:07 EDT
Craig-Hallum analyst George Sutton raised his price target on GTT Communications to $60 from $50 following the company's announcement of a deal to acquire its European counterpart Interoute. He believes the acquisition is highly complementary to GTT's business and includes a "healthy" $100M in cost synergies as well as "extensive opportunities" for revenue synergies. Sutton maintains a Buy rating on GTT shares.
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