JPMorgan analyst Sebastiano Petti resumed coverage of Charter (CHTR) with a Neutral rating and $215 price target down from $400, following a period of restriction. The stock’s current valuation is “undemanding,” but the company’s Q1 results underscore the competitive intensity and challenges facing cable operators as they defend broadband share, the analyst tells investors in a research note.
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Read More on CHTR:
- Charter price target lowered to $230 from $290 at Citi
- Charter price target lowered to $250 from $310 at BofA
- Charter price target lowered to $215 from $235 at Deutsche Bank
- Charter price target lowered to $220 from $250 at RBC Capital
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