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Fly News Breaks for May 2, 2016
TWC, CHTR
May 2, 2016 | 08:19 EDT
Wunderlich analyst Matthew Harrigan raised his post-merger price target for Charter Communications (CHTR) to $254 citing higher confidence in Time Warner Cable's (TWC) "accelerating turnaround." The analyst believes cable names could come under "mild pressure" today after the Wall Street Journal reported that Hulu will launch a live stream TV service next year. Harrigan says the service had been expected and he keeps a Buy rating on Charter.
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