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Analyst upgrades Altice USA on 'solid fundamentals,' other factors

Goldman Sachs analyst Brett Feldman lifted Altice USA Inc.'s rating to "conviction buy" from "buy," TheFly.com reported March 13.

The analyst cited "solid fundamentals and attractive valuation, capital return potential from the spin-off from Altice NV, and overstated concerns regarding rising interest rates on the company's capital structure" for the upgrade.

The company's stock has a $28 price target.