WideOpenWest -3.4% amid downgrades after CFO exit news [Seeking Alpha]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Seeking Alpha
Tech | On the Move WideOpenWest -3.4% amid downgrades after CFO exit news Mar. 11, 2020 9:29 AM ET WideOpenWest, Inc. (WOW) Jason Aycock WideOpenWest (NYSE: down 3.4% chief financial officer is departing Raymond James cut its rating to Market Perform from Outperform citing an exit that leaves some uncertainty, along with a weaker outlook. Slow subscriber growth will take time to ramp back up, the firm says, and the company has "solid assets" that could bring value under a different structure - possibly via going private. Meanwhile, B. Riley FBR also cut to Neutral, from Buy, as it expects it will be a quarter or two replacing its CFO, "during which uncertainty and lack of catalysts will likely sideline most investors." Pointing to an 8-K that refers to severance, B. Riley assumes the decision was made by the company and its board. It's cut its price target to $6, trimming implied upside to 28%. See all stocks on the move » Now read: Applied Optoelectronics could miss Q1 outlook - Ros
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News
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RILY
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 4/24/24 - Form 8-K
- RILY's page on the SEC website