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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 07:27 EDT
Raymond James analyst Frank Louthan initiated coverage of Altice USA with an Outperform rating and $32 price target. In a research note to investors, Louthan says he believes Altice represents a strong free cash flow growth story over the next few years as management has removed cost and can begin to reap the benefits of network upgrades, SME expansion, advertising, and mobile. The analyst says he remains positive on the cable and broadband sectors in general and says carriers such as Altice are well positioned to capture the requisite broadband demand.