Benchmark lowered the firm’s price target on WideOpenWest (WOW) to $6.50 from $7.50 and keeps a Buy rating on the shares. While the announcement that WOW! is partnering with the Columbus Clingstones, the Double-A affiliate of the Atlanta Braves (BATRA), to exclusively power its Synovus Park home stadium has no significant financial estimate effect, it “does attest to the viability of WOW’s comprehensive residential and business broadband solutions,” the analyst tells investors. The buyout offer the company reportedly received implies the stock is “likely a decent small cap ‘hiding spot’ for those concerned with current market volatility,” the analyst added.
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