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Fly News Breaks for April 27, 2018
ATNI
Apr 27, 2018 | 08:48 EDT
BWS Financial analyst Hamed Khorsand downgraded ATN International to Sell from Hold and lowered his price target on the stock to $45 from $57 following the company's Q1 report. He believes there could be declining earnings ahead given that he thinks the company could see a low rate of return as it rebuilds the network in the Virgin Islands. He also sees signs of wear in other areas of ATN's portfolio that could result in lower free cash flow in subsequent quarters, he tells investors.
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