Why Altice USA Stock Continued to Drop on Friday
A day after getting hammered on anticipated losses in broadband internet customers, Altice USA (NYSE: ATUS) stock was pounded again on Friday. The cable company's shares declined by almost 7% on the back of several analyst downgrades.
Three analysts tracking Altice USA notably reduced their expectations on the stock.
UBS' John Hodulik lowered his price target from $40 per share to $28, although he's maintaining his buy recommendation.
Source Fool.com
