Fly News Breaks for April 30, 2018
Apr 30, 2018 | 09:42 EDT
SunTrust analyst Greg Miller lowered his price target on Charter to $390 after a "messy" Q1 earnings report that suggests an increase in secular traditional video headwinds. The analyst sees a pattern of more customers disconnecting from multi-channel offerings "as promotional rates roll off" and the high-single-digit subscriber growth trend slowing. Miller keeps his Buy rating on Charter however, adding that the valuation following the 22% year-to-date decline in the stock price is compelling in spite of the subscriber churn.
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