Latest news with #FrankLouthan
Business Insider
12-07-2025
- Business
- Business Insider
TD Cowen Sticks to Its Buy Rating for Altice Usa (ATUS)
In a report released on July 7, Gregory Williams from TD Cowen maintained a Buy rating on Altice Usa, with a price target of $4.00. The company's shares closed today at $2.57. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Williams covers the Communication Services sector, focusing on stocks such as AT&T, Charter Communications, and T Mobile US. According to TipRanks, Williams has an average return of -2.2% and a 45.81% success rate on recommended stocks. In addition to TD Cowen, Altice Usa also received a Buy from Raymond James's Frank Louthan in a report issued on July 9. However, on July 2, Bank of America Securities maintained a Sell rating on Altice Usa (NYSE: ATUS). Based on Altice Usa's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.15 billion and a GAAP net loss of $75.68 million. In comparison, last year the company earned a revenue of $2.25 billion and had a GAAP net loss of $21.19 million
Yahoo
30-06-2025
- Business
- Yahoo
Raymond James Downgrades Equinix (EQIX) to Market Perform from Strong Buy
Equinix, Inc. (NASDAQ:EQIX) is one of the 11 Best Strong Buy Stocks to Invest in Now. On June 26, Raymond James analyst Frank Louthan double downgraded Equinix, Inc. (NASDAQ:EQIX) to Market Perform from Strong Buy without a price target after analyst day. The analyst stated that Equinix, Inc. (NASDAQ:EQIX) is in the middle of a multi-year shift in its business as it is endeavoring to position itself better for AI-based demand by doubling its capacity. A team of IT professionals working on a digital platform, indicating the company's agile digital services. Louthan told investors in a research note that although these changes are likely to prove beneficial for the company in the long term, saying that 'there will be some pain out of the gate, as indicated by the front end of the guidance.' The firm further stated that Equinix, Inc. (NASDAQ:EQIX) has 'muted' growth rates in the short term, and the spending outlook has a material uptick over the coming years as the company focuses on doubling its overall capacity. Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure company with a platform that interconnects foundational infrastructure. Its offerings include interconnection services, digital services, data center services, and support services. The company operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia-Pacific. While we acknowledge the potential of EQIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Raymond James Upgrades Lumen (LUMN) Rating to Outperform
Lumen Technologies, Inc. (NYSE:LUMN) is one of the 11 Best US Stocks to Invest in Under $5. On May 5, Raymond James analyst, Frank Louthan, upgraded the firm's rating on Lumen Technologies, Inc. (NYSE:LUMN) from 'Market Perform' to 'Outperform' and set a price target of $4.50. This decision comes amid expectations that Lumen Technologies, Inc. (NYSE:LUMN) will see important changes over the next six to nine months that could increase the company's equity value. Louthan suggests that the main reason for this positive outlook is the expected sale of the company's Fiber-to-the-Home (FTTH) assets and customers. Close-up of a technician's hands adjusting a communication router. According to the analyst, selling these assets could greatly improve Lumen Technologies, Inc.'s (NYSE:LUMN) financial situation. It could reduce the company's financial leverage by as much as a full turn. Louthan expects that the after-tax proceeds from the sale could be a game-changer for the company. Additionally, the analyst expects that after the sale of its FTTH assets, Lumen Technologies, Inc. (NYSE:LUMN) could benefit from a series of financial events and refinancing opportunities. This could help raise the value of the company's stock further. Lumen Technologies, Inc. (NYSE:LUMN) is an American telecommunications company that offers networking, edge cloud, collaboration, and cybersecurity solutions. While we acknowledge the potential of LUMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
