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Fly News Breaks for September 19, 2017
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Sep 19, 2017 | 06:40 EDT
Jefferies analyst Giles Thorne believes Intelsat can regain its $18 per share initial public offering price "in time." Execution, like today's announcement with Etisalat, "is the cornerstone for the equity to return to life," Thorne tells investors in a research note. He believes the stock has the potential to rise five times. The analyst keeps a Buy rating on Intelsat with a $5 price target.
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