D.A. Davidson Raises AboveNet PT:
D.A. Davidson raised its AboveNet (NYSE: ABVT) price target from $65 to $80 in a research report published today. D.A. Davidson has a Neutral rating on the company.
In the report, D.A. Davidson stated, "We continue to like ABVT's fundamentals but rate the shares NEUTRAL since competitors like TWTC, LVLT and ELNK offer better risk/reward with both top line and potential margin improvement."
Shares of AboveNet closed today at $71.27, down 1.95% from Monday's market close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.