TD Cowen analyst Gregory Williams raised the firm’s price target on Cogent to $84 from $81 and keeps an Outperform rating on the shares. The firm said they posted downside 4Q results with noise from cost one-time impacts and valuation adjustments but adjustments aside, the long-term story remains steady.
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Read More on CCOI:
- Cogent Communications Reports Fourth Quarter and Full Year 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock
- CCOI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cogent management to meet with KeyBanc
- Cogent management to meet with Oppenheimer
- Cogent price target raised to $85 from $80 at KeyBanc