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Fly News Breaks for September 4, 2019
INAP
Sep 4, 2019 | 06:58 EDT
Raymond James analyst Frank Louthan downgraded Internap to Outperform from Strong Buy and maintained a $10 price target saying monetization of assets and/or a sale of the company is further out than previously expected. Louthan thinks it will take asset sales and ultimately a suitor to push shares materially higher and a recovery will take longer than anticipated.
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