Wells Fargo analyst Steven Cahall lowered the firm’s price target on Charter (CHTR) to $380 from $400 and keeps an Equal Weight rating on the shares. The firm is making modest adjustments to its model into Q1 earnings. While Wells trims its target on lower ads and Business Services, Charter is its preferred Cable name with defensive characteristics. The firm thinks it will lead peers on broadband net adds and EBITDA growth.
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