Wells Fargo says that the 4% decline in Charter (CHTR) since the closure of the Time Warner Cable//Bright House deal on May 18 is overdone, creating an attractive entry point in Charter. The firm thinks that Charter's stock can rise 14%-21% over the next year.

Deutsche Bank lowered the firm's price target on Charter Communications to $320 from $375 and keeps a Hold rating on the shares. The firm cites lower free cash flow estimates for the target drop. The 34% year-to-date decline in Charter's stock price arguably prices in a more challenged growth outlook, the analyst tells investors in a research note. However, the firm does not expect a recovery in the shares until the impact from the Affordable Connectivity Program sunsetting is known and there is some visibility into sustained positive broadband subscriber growth coming back into the model.