03:10 PM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target by $7 to $33, applying an EV/EBITDA multiple of 5.7x to our 2026 estimate, a discount to its three-year historical average multiple at 6.5x. We lower our 2025 EPS estimate by $0.10 to $4.22 and cut 2026's by $0.50 to $4.29. The company cited several near-term headwinds, including the negative EBITDA impact from broadband repositioning, the onboarding of new NBA sports rights (introduces upfront dilution), and the spin-off of VERSANT, which will affect both EBITDA and free cash flow in the short term. The broadband environment remains intensely competitive, and this is not expected to change soon. Business Services also faces elevated competition, particularly from fixed wireless alternatives, affecting growth and requiring ongoing investment. Finally, the shift toward simplified, transparent pricing and increased promotional activity (including free wireless lines) is causing revenue dilution.