Cable One price target lowered to $240 from $340 at Wells Fargo

Wells Fargo analyst Steven Cahall lowered the firm’s price target on Cable One (CABO) to $240 from $340 and keeps an Underweight rating on the shares. Cable One management is optimistic about 2025, but the firm remains cautious on the trends. Wells thinks a 1-time turn discount to Charter (CHTR) on EV/EBITDA is warranted until broadband plus EBITDA growth recovers.