Cable One price target lowered to $142 from $260 at TD Cowen

TD Cowen lowered the firm’s price target on Cable One (CABO) to $142 from $260 and keeps a Hold rating on the shares. The firm said they posted mostly in-line results, though Broadband ARPU came in lighter than expectations, essentially sacrificing price to mitigate sub losses. Gross add and churn trends are improving, but competitive threats also continue to increase.