Citi lowered the firm’s price target on Optimum Communications (OPTU) (ATUS) to $2.75 from $3.25 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as “disappointing” with a revenue miss amid competitive pressures. Citi believes Optimum must “swiftly” improve its financial performance over the next six months.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATUS:
- Altice USA: Strategic Investments and Operational Efficiencies Drive Buy Rating Amid Revenue Challenges
- Altice USA’s Strategic Shift Amidst Competitive and Economic Challenges: Hold Rating Maintained
- Altice USA: Strategic Focus on EBITDA and Operational Efficiency Justifies Buy Rating
- Altice USA price target lowered to $2.50 from $3 at Evercore ISI
- Altice USA price target lowered to $2 from $3 at Barclays