Information Provided By:
Fly News Breaks for August 9, 2017
ATUS, ATCEY, CHTR
Aug 9, 2017 | 15:48 EDT
As previously reported, Telsey Advisory upgraded Charter (CHTR) to Outperform from Market Perform and raised its price target to $450 from $340. Analyst Thomas Egan estimates Altice USA (ATUS) could pay between $434 to $501 per share for Charter and for shares to trade at a material discount during a regulatory review, but ultimately expects a deal to be approved.