Skip to main content

Market Overview

Barclays Capital Reiterates Overweight, Raises PT On Zayo On Sticking With Secular Fiber Play

Share:

In a report published Friday, Barclays Capital analyst Amir Rozwadowski reiterated an Overweight rating on Zayo Group Holdings, Inc. (NYSE: ZAYO), and raised the price target from $30.00 to $31.00.

In the report, Barclays Capital noted, "We recognize that percolating concerns around the pace of business activity, coupled with some lingering questions on the company's overall strategic direction following a doubling of its co-location business, have pressured Zayo's shares. However, we expect a number of possible upcoming catalysts – including a solid 1Q and a potential reengagement of its consistent acquisition strategy – to both alleviate near-term concerns and reaffirm Zayo's strategy on capitalizing on rising secular fiber demand. We lift our estimates following the close of the Latisys deal and retain our Overweight."

Zayo closed on Thursday at $26.93.

Latest Ratings for ZAYO

DateFirmActionFromTo
May 2019Raymond JamesDowngradesOutperformMarket Perform
May 2019CitigroupDowngradesBuyNeutral
May 2019Cowen & Co.DowngradesOutperformMarket Perform

View More Analyst Ratings for ZAYO
View the Latest Analyst Ratings

 

Related Articles (ZAYO)

View Comments and Join the Discussion!

Posted-In: Amir Rozwadowski Barclays CapitalAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com