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Fly News Breaks for October 27, 2016
QTS
Oct 27, 2016 | 07:22 EDT
SunTrust analyst Greg Miller says that QTS' higher churn outlook and "potentially slower-than-expected ramp in new markets" make it less attractive going forward. However, the analyst expects the company to benefit from positive industry trends and other "tailwinds." He believes that these positive catalysts will offset the higher churn. Miller cut his price target on the stock to $58 from $65 but keeps a Buy rating on the shares.
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