Exane BNP Paribas Downgrades Altice USA to Underperform, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Kohulan Paramaguru downgraded Altice USA (NYSE:ATUS) from Neutral to Underperform and set a price target of $1.
April 09, 2024 | 4:48 pm
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Altice USA downgraded from Neutral to Underperform with a $1 price target by Exane BNP Paribas.
A downgrade from Neutral to Underperform typically indicates a negative outlook on the stock's future performance. Coupled with a low price target of $1, this suggests a significant bearish sentiment towards Altice USA's stock in the short term. Investors may react negatively to this news, potentially leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100