- Zayo Holdings (ZAYO +0.6%) hit a 52-week high today as Goldman Sachs added it to the firm's Americas Conviction List on prospects of strong revenue growth.
- Analyst Brett Feldman has a price target of $39, implying more than 21% upside in shares from today's close.
- “In our view, Zayo is among the most attractively valued providers of telecom infrastructure,” Feldman writes. Core revenue growth should accelerate from 8% to almost 10% in the near term, including "accelerated growth in major cloud platforms (Azure), roll-outs of new OTT video services (DirecTV Now), ramping small cell deployments (Crown Castle) and planned deployments of fixed wireless broadband (Google).”