TD Cowen raised the firm’s price target on Charter (CHTR) to $520 from $500 and keeps a Buy rating on the shares. The firm noted they posted in-line revenue, upside EBITDA, outsized buybacks, and downside BB sub losses but better-than-feared following the Comcast (CMCSA) losses. It’s still early days with the Life Unlimited branding and packaging revamp, but mgmt. is confident in market traction for eventual BB sub growth.
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Read More on CHTR:
- Charter price target raised to $430 from $385 at Loop Capital
- Charter price target raised to $430 from $385 at Loop Capitalmcast
- Charter price target raised to $400 from $380 at Wells Fargo
- Charter Communications: Balanced Outlook Amid Mixed Performance and Competitive Pressures
- Charter price target raised to $415 from $385 at Morgan Stanley
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