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Fly News Breaks for November 9, 2018
GTT
Nov 9, 2018 | 07:42 EDT
Oppenheimer analyst Timothy Horan maintained an Outperform rating on GTT Communications but lowered his price target to $50 following a "weak" quarter, which was impacted by currency headwinds and an undersized sales force. GTT now has 300 quota bearing reps and expects to add 50 more by year-end 2019, but likely needs to double this, Horan tells investors in a research note.
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