Cable One price target lowered to $703 from $734 at JPMorgan

JPMorgan lowered the firm’s price target on Cable One to $703 from $734 and keeps a Neutral rating on the shares. The company reported slightly softer results on the back of small broadband subscriber losses but stronger free cash flow given a slowdown in capex, the analyst tells investors in a research note. The firm believes there could be upside to the price target if management can drive sustained subscriber growth.