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Fly News Breaks for July 10, 2019
CHTR
Jul 10, 2019 | 06:55 EDT
Nomura Instinet analyst Gregory McNiff believes the headwinds facing Charter Communications are not fully reflected in the company's valuation. With most of the integration complete, the analyst expects the company's margins to improve "modestly" and capital intensity to decline over time. However, he does not believe the mobile broadband threat, "difficult" mobile virtual network economics, and ongoing video deterioration are reflected in the shares. McNiff keeps a Neutral rating on Charter with a $350 price target.