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Fly News Breaks for January 16, 2020
CHTR
Jan 16, 2020 | 08:22 EDT
As previously reported, Morgan Stanley analyst Benjamin Swinburne downgraded Charter to Equal Weight from Overweight with a price target of $540, up from $500. While he agrees with the consensus view that 2020 should be "a great year for Charter," Swinburne also thinks 2020 may be the peak EBITDA growth year. Also, while 2020 should see continued momentum on the customer front and consensus calls for share buybacks of $8B-$9B, these "robust" expectations are reflected in shares current price, said Swinburne. He also noted that if a Democrat is elected, the FCC could move back to Title II classification for broadband, which he does not believe would impact Charter's fundamentals but could be a possible source of downside risk.
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.