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Fly News Breaks for May 18, 2016
DLR, CHTR
May 18, 2016 | 08:27 EDT
JPMorgan analyst Philip Cusick attributes the pullback in Charter Communications (CHTR) this week to S&P replacing Time Warner Cable with Digital Realty (DLR) in the S&P 500 index instead of Charter. The analyst recommends using the selloff to buy shares of Charter following the closure of the TWC and Bright House acquisitions. He expects Charter shares to outperform post last night's deal close and upped his price target for the new company to $284 from $236. Cusick keeps an Overweight rating on Charter.
News For CHTR;DLR From the Last 2 Days
