- Bernstein upgrades Altice USA (NYSE:ATUS) from Market Perform to Outperform and a $34 price target.
- Analyst Peter Supino calls ATUS a "cheap stock of a solid business" with the "absolute and relative valuation multiples stand at all-time lows."
- Supino says Altice's "underlying fundamentals bottomed earlier in 2020" and thinks the Q3 results in early November will be a "positive step in the gradual process of rebuilding investor trust and engagement."
- ATUS shares are up 4.8% pre-market to $27.30.
Altice USA gains after Bernstein upgrade for 'cheap stock' of solid business
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Symbol | Last Price | % Chg |
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ATUS | - | - |
Altice USA, Inc. |