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Fly News Breaks for August 2, 2019
WIFI
Aug 2, 2019 | 08:50 EDT
Craig-Hallum analyst Anthony Stoss lowered his price target for Boingo Wireless to $22 from $29 and maintained a Buy rating after guidance was lowered due to multi-family weakness and re-amortization of $4M of revenues from 20 NYC contracts. In a research note to investors, Stoss says he would be a buyer on the pullback as he continues to think Boingo Wireless is nicely positioned to benefit from 5G and upcoming REIT deals.
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