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Fly News Breaks for May 9, 2019
WIFI
May 9, 2019 | 07:36 EDT
Oppenheimer analyst Timothy Horan lowered his price target for Boingo Wireless to $32 from $39 on lower cash EBITDA in the quarter and his estimates and a higher debt load. The analyst notes that the company's results continue to be "lumpy" as it transitions to new businesses. He reiterates an Outperform rating on the shares.
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