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Fly News Breaks for May 14, 2015
SHEN, NTLS
May 14, 2015 | 07:36 EDT
FBR Capital raised its price target for NTELOS (NTLS) to $9 after the Financial Times in its Alphaville blog discussed rumors of a potential takeover by Shenandoah (SHEN). FBR believes Shentel is a "natural buyer" of NTELOS at the right price. The firm views $9 per share as a fair price for NTELOS and keeps a Market Perform rating on the stock.
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