Deutsche Bank analyst Bryan Kraft downgraded Viacom (VIAB) to Sell after learning Charter (CHTR) re-tiered the company's most popular networks to its TV Gold package, its most expensive video tier, and into its Digi Tier. The analyst expects this to dive more revenue pressure at Viacom and cut his price target for the shares to $32 from $35.

Deutsche Bank lowered the firm's price target on Charter Communications to $320 from $375 and keeps a Hold rating on the shares. The firm cites lower free cash flow estimates for the target drop. The 34% year-to-date decline in Charter's stock price arguably prices in a more challenged growth outlook, the analyst tells investors in a research note. However, the firm does not expect a recovery in the shares until the impact from the Affordable Connectivity Program sunsetting is known and there is some visibility into sustained positive broadband subscriber growth coming back into the model.