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Fly News Breaks for March 28, 2018
GTT
Mar 28, 2018 | 08:48 EDT
After hosting investor meetings with management, William Blair analyst Jim Breen estimates greater than 30% upside to the current share price of GTT Communications. With sales growth generated through customer and geographic expansion as well as future acquisitions, expanding margins, and low capital-expenditure requirements, GTT's free cash flow yields should continue to increase, Breen tells investors in a research note. He views the Aleph and Crestview investment of $175M as "good thing" and reiterates an Outperform rating on the shares.
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