RBC Capital analyst Jonathan Atkin lowered the firm’s price target on Array Digital (AD) to $54 from $60 and keeps an Outperform rating on the shares after its Q4 results and guidance. The firm is revising its estimates on a mix of higher organic revenue expectations, progress in spectrum monetization and SG&A cost reductions, offset by DISH churn and lower equity income, the analyst tells investors in a research note.
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