KeyBanc analyst Brandon Nispel raised the firm’s price target on Cogent to $80 from $77 and keeps an Overweight rating on the shares. The firm recommends buying shares following the Q2 results, which saw positive inflection in Corporate for the first time in 12 quarters, and expects a recovery in the core Corporate business and Net-centric to remain strong going forward, the analyst tells investors in a research note.
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