Wells Fargo analyst Steven Cahall added Cable One (CABO) to the firm’s Q3 2023 Tactical Ideas List, while keeping an Underweight rating and a price target of $670 on the shares. Wells expects Cable One to soon experience elevated competitive pressure for subs, which could translate into lower earnings growth. Further, the firm sees the EV/EBITDA premium versus Charter (CHTR) as unwarranted.
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