Bernstein downgraded Charter (CHTR) to Market Perform from Outperform with a price target of $410, up from $385. Charter’s stock is up 15% year-to-date “and we’re taking a breather,” the analyst tells investors in a research note. The firm says recent concerns around a potential EBITDA decline in 2025 appear to have subsided, helping push the stock to fair value. It still sees some upside from here, but not enough to justify a bullish stance – “at least not now.”
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