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Fly News Breaks for August 12, 2019
GTT
Aug 12, 2019 | 08:32 EDT
As previously reported, Raymond James downgraded GTT Communications to Market Perform from Outperform. Analyst Frank Louthan noted that GTT reported weaker than expected Q2 results amid a salesforce transition that he believes makes the outlook uncertain enough that he recommends moving to the sidelines. New sales leadership can effect the needed change, but it will be difficult for the company to show the progress required for the stock to recover until the salesforce is larger, Louthan contends.
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