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Fly News Breaks for July 2, 2019
GTT
Jul 2, 2019 | 07:24 EDT
As previously reported, KeyBanc analyst Brandon Nispel downgraded GTT Communications to Sector Weight from Overweight as his investment thesis on smooth integration of acquisitions, more M&A, and organic growth are not coming to fruition. Further, the analyst believes ramping of organic growth will take longer than consensus expects as shown in slow hiring in his jobs data. Nispel also expects GTT to be a flat organic grower quarter over quarter through 2020, but notes that risks remain to the downside.
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