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Fly News Breaks for August 29, 2018
ZAYO
Aug 29, 2018 | 07:13 EDT
Deutsche Bank analyst Matthew Niknam says the 7% pullback since Zayo Group's Q2 results last week creates a "very attractive entry point" in a stock with a "unique asset mix, and with multiple routes to value creation." The analyst sees the company's issues are shorter term in nature, and believes its underlying operating metrics and growth are likely to improve exiting 2018. Niknam views Zayo's risk/reward as favorable at current share levels and he keeps a Buy rating on the name.
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