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.

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Source Fool.com