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Fly News Breaks for November 13, 2018
IPAS, TEUM
Nov 13, 2018 | 14:37 EDT
Lake Street analyst Eric Martinuzzi maintained a Buy rating on Pareteum Corporation (TEUM) and raised his price target to $ 6 from $5 as a result of the company's acquisition of iPass (IPAS), which he feels will change Pareteum's revenue and profit profile "for the better." Martinuzzi added that the bigger takeaway of the acquisition is Pareteum's commitment to the last mile.
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