As previously reported, Wolfe Research downgraded Charter to Peer Perform from Outperform. The company’s EBITDA trends proved resilient amid peak disruption, but its price and cost-driven strategy warrants a low multiple, the analyst tells investors in a research note. Wolfe adds that Charter’s leverage means that the stock’s valuation doesn’t provide much safety margin.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHTR:
- QQQ ETF Update, 7/30/2024
- Comcast, Diamond Sports reach regional sports network distribution agreement
- JPMorgan Removes Charter (NASDAQ:CHTR) from Negative Watch List, Shares Rise
- Alphabet upgraded, Arm downgraded: Wall Street’s top analyst calls
- Charter price target raised to $325 from $300 at Deutsche Bank