Canaccord Adams Starts FiberNet Telecom Group (FTGX) at Buy
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Canaccord Adams initiates coverage on FiberNet Telecom Group (Nasdaq: FTGX) with a Buy rating and $12.10 price target. Analyst Mark Kelleher said, "With high barriers to competitive entry, a well-established installed base, strong pricing trends, and significant earnings leverage available as more revenue (and more margin) is generated from expansion, we believe FiberNet is well positioned for continued strong growth."
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