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Altice USA price target lowered to $3 from $4 at TD Cowen

TD Cowen lowered the firm’s price target on Altice USA (ATUS) to $3 from $4 and keeps a Buy rating on the shares. The firm said they posted in-line revenue, discernible progress in Broadband subscriber KPIs, and bullish on the HFC ABS debt raise but notable downside EBITDA.

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