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Fly News Breaks for May 5, 2015
WWWW
May 5, 2015 | 09:37 EDT
Roth Capital analyst Jeff Martin upgraded Web.com to Buy from Neutral saying the company is showing signs of strengthening fundamentals. Martin expects the Internet service provider's average revenue per unit gains throughout the year to drive sequential revenue growth each quarter. He raised his price target for shares to $27 from $17. The stock is up 7c to $21.56 in early trading.
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