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Fly News Breaks for February 7, 2018
CHTR
Feb 7, 2018 | 09:00 EDT
RBC Capital analyst Jonathan Atkin raised his price target on Charter to $420 and kept his Outperform rating after "solid" Q4 earnings "highlighted by improving video subscriber trends in the legacy Time Warner Cable footprint". Atkin expects Q4 to mark the trough in EBITDA growth as the Spectrum pricing and packaging penetration increases to about 70% by 2018-end, generating "reduced transaction volumes and a longer-tenured subscriber base".