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Fly News Breaks for January 22, 2020
CHTR
Jan 22, 2020 | 08:34 EDT
KeyBanc analyst Brandon Nispel raised his price target for Charter to $576 from $515 as he believes it should benefit from its business mix moving toward its growth businesses of residential broadband and commercial services. The analyst continues to model moderate broadband subscriber deceleration, which could be conservative, and believes Spectrum mobile remains an upside driver in 2020 and beyond. With "very strong growth prospects" in 2020, he maintains there is upside remaining in shares. Nispel has an Overweight rating on the shares.
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