Nomura Instinet analyst Gregory McNiff raised his price target for Altice USA to $42 from $35 and keeps a Buy rating on the shares. Altice Mobile represents the latest step in the company's plan to emerge as a key player in the inevitable cable and wireless convergence, McNiff tells investors in a research note. After meeting with management, the analyst raised his fiscal 2020 estimates to the high-end of consensus primarily on contributions from Altice Mobile and the advertising business. Further, he believes Altice USA's fiber strategy will drive significant free cash flow per share growth over the longer term. This is not reflected in the share price, says McNiff.