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Fly News Breaks for September 8, 2017
I
Sep 8, 2017 | 05:23 EDT
Jefferies analyst Giles Thorne upgraded Intelsat to Buy and doubled his price target on the shares to $5 from $2.50. The stock's risk/reward "finally warrants an upgrade" with the company "on the cusp" of revenue growth, Thorne tells investors in a research note. He sees "significant" upside potential in the shares.
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