Altice USA (ATUS) IPO Opens Up 5%

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Pivotal Research Starts Altice-USA (ATUS) at Buy

June 22, 2017 5:02 PM EDT

Pivotal Research initiates coverage on today's IPO Altice-USA (NYSE: ATUS) with a Buy rating and a price target of $38.00.

Analyst Jeffrey Wlodarczak said a cost-efficient move to FTTH should help drive industry leading operating margins, ~10% CAGR EBITDA growth (front weighted), even faster... More