Wells Fargo analyst Steven Cahall downgraded Charter (CHTR) to Underweight from Equal Weight with a price target of $180, down from $240. The firm thinks the broadband market will remain competitive with fiber and fixed wireless access taking more share from cable in 2026. Charter is facing lower net additions, challenged growth at Cox, and a free cash flow to equity story that requires subscribers to stabilize, the analyst tells investors in a research note. Wells no longer sees “meaningful differentiation” for Charter.
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