Barclays analyst Kannan Venkateshwar lowered the firm’s price target on Charter (CHTR) to $200 from $275 and keeps an Underweight rating on the shares. The firm says margin pressure on cable sector “may not be transitory.”
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Read More on CHTR:
- Charter price target lowered to $240 from $300 at Wells Fargo
- Charter downgraded to Market Perform from Outperform at Bernstein
- KeyBanc downgrades Charter on broadband subscriber declines
- Charter downgraded to Sector Weight from Overweight at KeyBanc
- Charter Communications Faces Financial Risks in $16.4 Billion Cox Communications Deal