BUZZ-Altice USA gains after Raymond James raises to 'outperform'

Reuters
02-18
BUZZ-Altice USA gains after Raymond James raises to 'outperform'

** Broadband service operator Altice USA ATUS.N up 5.7% at $2.98 in premarket trading

** Raymond James upgrades rating on stock to "outperform" from "market perform"

** Brokerage expects company to start showing the impact from the operational changes that management has put in place by second half of next year

** 5 of 19 brokerages rate the stock "buy" or higher, 8 "hold" and 6 "sell"; their median PT is $2 - LSEG

** As of last close, stock had risen ~17% this year. It fell ~26% in 2024.

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))

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