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Fly News Breaks for July 10, 2018
CHTR
Jul 10, 2018 | 16:36 EDT
Credit Suisse analyst Douglas Mitchelson initiated Charter with a Neutral rating and a price target of $294. The analyst notes that the growth of Time Warner Cable unit is "winding down", adding that the risks around video competition, voice declines, broadband maturity, and wireless investment losses are not accommodated in consensus estimates. Mitchelson also notes that higher debt leverage and faster near-term growth prospects for Charter are already reflected in its premium valuation.