UPDATE: BTIG Research Initiates Coverage on Zayo Group Holdings with Buy Rating, $27 PT on Multiple Growth Drivers

In a report published Wednesday, BTIG Research analyst Walter Piecyk initiated coverage on Zayo Group Holdings ZAYO with a Buy rating and $27.00 price target. In the report, BTIG Research noted, “Zayo is a finer-based Internet infrastructure play that is positioned to benefit from the growth in data demands across a wide range of customers. Growth in video streaming and mobile data are the key drivers behind the demand for more capacity in the network, which Zayo's products and services address. We believe management can leverage high single digit organic revenue and EBITDA growth into the double digits based on its strong track record of integrating acquisitions.” Zayo Group Holdings closed on Tuesday at $22.75.