Optimum Communications price target lowered to $2 from $2.50 at Evercore ISI

Evercore ISI lowered the firm’s price target on Optimum Communications (OPTU) to $2 from $2.50 and keeps an In Line rating on the shares. Broadband net losses increased to 61,000 above expectations due to fewer gross additions and heightened competition, but Optimum’s disciplined approach in a competitive landscape is “key,” even as broadband net losses widen, the analyst tells investors.