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Fly News Breaks for January 2, 2020
CHTR, LBRDK
Jan 2, 2020 | 07:31 EDT
TD Securities analyst Bentley Cross downgraded Liberty Broadband (LBRDK) to Hold from Buy with an unchanged price target of $135, stating that while it remains his preferred Charter (CHTR) investment vehicle he thinks a lower rating is in order given the stock's 75% gain in 2019 and "narrowing of the holdco discount" to 11%, which he notes is back in line with historical norms.
News For LBRDK;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.