pdvWireless: Surges after Craig-Hallum hikes to Street high PT

Anterix

24/05/2019 18:22

** Wireless telecom co's shares  PDVW.O  jump as much as 15%
to hit a 4-year high of $49.80; stock is set to extend a 4-day
winning streak 
    ** Craig-Hallum ups PT to $80 from $62, the highest on Wall
Street, and implies a premium of ~80% to stock's last close
    ** Brokerage says as the largest holder of 900 MHz spectrum
(>50% of the entire band), PDVW holds a dominant market position
that will make it the de-facto supplier of private connectivity
for critical infrastructure 
    ** Adds while there is still additional work left to be
done, PDVW is well on its way to becoming a major player in
private enterprise broadband - Craig Hallum 
    ** Of the three analysts' covering stocks, the current avg
rating on PDVW is "buy"; median PT $69.50
    ** Stock has surged 33% this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))