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Fly News Breaks for November 6, 2019
WIFI
Nov 6, 2019 | 07:42 EDT
Craig-Hallum analyst Anthony Stoss lowered his price target for Boingo Wireless to $18 from $22 and maintained a Buy rating. In a research note to investors, Stoss says he believes a large institutional holder has been selling for the last two quarters and that the selling is largely done and views this as having had the biggest impact on the stock over the last few months as Boingo's business is largely unchanged. Stoss expects the stock to snap back given the solid and better than expected results.
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