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Fly News Breaks for October 29, 2018
CHTR
Oct 29, 2018 | 08:26 EDT
SunTrust analyst Greg Miller lowered his price target on Charter to $365 after its Q3 results showed both revenue and EBITDA falling short of his expectations. The analyst also keeps his Buy rating on Charter, noting that while the company's other "key performance indicators were similarly below expectations", its "bigger picture trends" were "consistent and encouraging". Miller forecasts the company to see more cash flow tailwinds from growing broadband customer base and declining capital intensity.
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