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Fly News Breaks for June 11, 2019
WIFI
Jun 11, 2019 | 08:24 EDT
Craig-Hallum analyst Anthony Stoss thinks Boingo Wireless is on the cusp of signing significant new multi-family/student housing deals with nationwide REITS. Further, the analyst believes the pullback in the stock is "unwarranted," having pulled back to levels not seen for nearly two years, and offers investors a "very attractive entry point." Stoss notes that he cannot find a good reason for the stock to have declined over 20% in the last month and believes the combination of DAS growth as well as Boingo Wireless opportunities make this "a must own stock at these levels." The analyst reiterates a Buy rating and $29 price target on the shares.
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