RBC Capital analyst Jonathan Atkin lowered the firm’s price target on Array Digital (AD) to $56 from $62 and keeps an Outperform rating on the shares. The firm is revising its estimates on a mix of higher revenue expectations and progress in spectrum monetization, offset by more conservative cost-allocation assumptions, lower equity income post T-Mobile (TMUS) transactions, and a discount for DISH lease overhang, the analyst tells investors in a research note.
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