Benchmark Co Reduced the Firm's PT on WideOpenWest (WOW), Kept a Buy Rating

WideOpenWest, Inc. (NYSE:WOW) is one of the Best 52-Week Low Penny Stocks to Buy Now. On May 29, Matthew Harrigan from Benchmark Co. reduced the price target of WideOpenWest, Inc. (NYSE:WOW) from $7.5 to $6.5, while maintaining a Buy rating on the stock.

The analyst highlighted the company’s recent strategic partnership with Columbus Clingstones to provide exclusive fiber internet services at Synovus. Harrigan believes that the deal highlights the effectiveness of the company’s broadband solutions. He noted that despite a slight reduction in the price target, he remains optimistic that this partnership will enhance WideOpenWest, Inc.’s (NYSE:WOW) financial performance and market presence.

In addition, Harrigan also noted the company’s strong liquidity backed by a recent $200 million credit agreement. This supports the ambitious plan to pass 400,000 new fiber homes by the end of 2027.

WideOpenWest, Inc. (NYSE:WOW) is a broadband provider offering high-speed internet, cable TV, and digital phone services to both residential and business customers.

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Disclosure: None. This article is originally published at Insider Monkey.