Altice USA price target lowered to $2 from $4 at Barclays

Barclays analyst Kannan Venkateshwar lowered the firm’s price target on Altice USA to $2 from $4 and keeps an Equal Weight rating on the shares following the Q4 results. Despite sequential improvement in subscriber trends, it remains too early to get constructive on a growth turnaround for the company, the analyst tells investors in a research note. The firm says Altice USA’s growth is unlikely to turn positive in 2023.