Jefferies increases its price target from $25 to $26 on Buy-rated TW Telecom TWTC as the fiber growth story remains intact.
Jefferies notes, "We believe, tw telecom's 1Q12 results illustrated again that the company continues to gain share in the fiber and managed services market for medium to large enterprises. Furthermore, as TWTC evolves its strategy to grow customer wallet share in addition to market
share, we believe margins should continue to steadily expand."
TWTC closed at $22.69 on Wednesday.
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