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Fly News Breaks for October 28, 2019
CHTR
Oct 28, 2019 | 07:57 EDT
TD Securities analyst Bentley Cross increased his broadband estimates and lowered his programming expense assumptions for Charter following the company's Q3 report, leading him to raise his price target on the shares to $475 from $450. Although he sees "a lot to like in the Charter story," Cross thinks the potential for cable margin expansion and further capex intensity reductions has been largely appreciated, leaving him with a Hold rating for the shares.
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.