Benchmark Maintains Buy on Altice USA, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has maintained a Buy rating on Altice USA (NYSE:ATUS) but has reduced the price target from $10 to $5.
December 29, 2023 | 12:52 pm
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Altice USA's Buy rating is maintained by Benchmark, but the price target is cut by 50% from $10 to $5, indicating potential undervaluation or a tempered outlook.
While the Buy rating suggests that Benchmark still sees value in Altice USA, the significant reduction in the price target could imply a more conservative view on the company's growth prospects or market conditions. This mixed signal may lead to a neutral short-term impact on the stock as investors digest both the endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100