Momentum Players

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Ludlow Research Initiates Coverage on Hammer Fiber - Speculative Buy $25 Price Target

Ludlow Research's Tom Bustamente initiated coverage on Hammer Fiber (ticker:HMMR) with a speculative buy rating and a $25 price target (see link below).

Ludlow's write-up concludes that the "wireless fiber" revolution has begun as evidenced by Google and the August 15th WSJ article titled "Google's High Speed Web Plans Hit Snags".

Bustamente believes Hammer and its management team are in a strong position to capitalize on their proven wireless technology. This technology has been successfully deployed in eight countries around the globe. When Hammer commercially launches their technology late in 2016, they can quickly penetrate the market -one that is crying out for a solution that solves the "last mile" dilemma.

Hammer appears to be in the right place and at the right time to take advantage of the wireless fiber revolution in the US.

http://www.wallstreetnewscast.com/news/2016/08/hmmr-price-target-5636.html