In a report released today, Frank Louthan from Raymond James upgraded Altice Usa (ATUS – Research Report) to a Buy, with a price target of $3.50.
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Frank Louthan has given his Buy rating due to a combination of factors including the operational and organizational changes Altice USA has been implementing. The company is expected to start demonstrating the impact of these changes by the second half of 2026, which has led Louthan to upgrade the rating from Market Perform to Outperform.
The improvements in customer care, marketing strategies, and initiatives aimed at low-income customers are anticipated to stabilize subscriber numbers and foster growth. Louthan believes that the company’s focus on providing quality products at competitive prices will appeal to consumers, particularly in the low-income segment, and that these efforts will result in a meaningful improvement in subscriber trends. This outlook is further supported by a price target of $3.50, reflecting confidence in the company’s future performance and potential for stock appreciation.
According to TipRanks, Louthan is a 2-star analyst with an average return of -0.2% and a 51.48% success rate. Louthan covers the Communication Services sector, focusing on stocks such as Verizon, AT&T, and Comcast.
In another report released on February 13, TD Cowen also maintained a Buy rating on the stock with a $3.50 price target.