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Fly News Breaks for January 9, 2020
SHEN
Jan 9, 2020 | 08:42 EDT
B. Riley FBR analyst Zack Silver raised his price target for Shenandoah Telecommunications to $52 from $48 citing the company's positive Q4 subscriber preannouncement and an improved long-term outlook for its growing cable segment. The analyst's math suggests that Shenandoah'ss new cable initiatives could arguably be valued at close to $1B by 2025. He keeps a Buy rating on the shares.
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