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Fly News Breaks for August 9, 2019
GTT
Aug 9, 2019 | 09:31 EDT
Cowen analyst Jonathan Charbonneau lowered his price target on GTT Communications to $21 from $37 following disappointing Q2 results. The analyst admitted he clearly misjudged the magnitude of the issues affecting the company's financials. However, he said he does not foresee and balance sheet issues and believes the company is taking the necessary steps to improve organic growth. Charbonneau maintained his Outperform rating on GTT Communications shares.
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