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Fly News Breaks for March 18, 2019
ZAYO
Mar 18, 2019 | 09:02 EDT
Morgan Stanley analyst Simon Flannery noted that Zayo Group shares have rallied since the company postponed its March 14 analyst meeting as it evaluates strategic alternatives, but he sees several catalysts that should provide support for the stock over the coming months, including private equity interest, shareholder activism, a REIT response from the IRS and a potential Colocation/Allstream separation. He maintains an Overweight rating and $34 price target on Zayo Group shares.
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