JPMorgan analyst Philip Cusick believes the reconstitution of the Russell 3000 Index and Altice USA being added to the Russell 1000 Index, which becomes effective on June 28, will be a positive for the shares. His firm's strategist estimates that indexer demand will be 16,746,467 shares, or 420.6% of Altice USA's average daily volume for a notional value of $390M. Altice's notional addition is the 355 largest of 2,056 by market cap and accounts for 1.4% of the Russell's total notional increase, Cusick tells investors in a research note. Cusick has an Overweight rating on Altice USA with a $28 price target.