BofA analyst Jessica Reif Ehrlich resumed coverage of Altice USA with an Underperform rating and $3.50 price target. After the company was not able to successfully negotiate a deal for any of its Suddenlink properties, Reif Ehrlich said Altice USA "remains fundamentally challenged and now it is also clear the company does not have attractive M&A opportunities." She continues to view it as a "show me story with significant execution risk," the analyst added.
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