ThinkEquity initiated coverage of COMSovereign with a Buy rating and $3 price target. Under new leadership over the past year, COMSovereign has undergone a comprehensive business transition, the analyst tells investors in a research note. The firm says demand for wireless connectivity and data is “increasing exponentially.” It believes COMSovereign is positioned to increase its share of this market opportunity with hardware solutions and growing capabilities in configuration management, element management and 5G.
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