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Fly News Breaks for March 13, 2015
CHTR
Mar 13, 2015 | 07:45 EDT
Jefferies believes Charter's reported deal to acquire Bright House Networks makes strategic sense but it views the all-stock structure as "somewhat surprising." The firm says the all-stock structure will mitigate what could have been mid- to high-single digit free cash flow accretion under more balanced terms. It keeps a Hold rating on Charter with a $180 price target.
News For CHTR From the Last 2 Days
CHTR
Mar 28, 2024 | 06:55 EDT
UBS lowered the firm's price target on Charter to $325 from $360 and keeps a Neutral rating on the shares. The firm expects Q1 results to reflect higher broadband subscriber losses as Affordable Connectivity Program gross adds slow while revenues and EBITDA grow 0.4% and 1.7%, respectively, supported by price increases and easier cost comparisons, the analyst tells investors in a research note.