Deutsche Bank lowered the firm’s price target on Charter to $390 from $400 and keeps a Hold rating on the shares. The analyst lowered the firm’s Q4 broadband net add forecast to down 50,000 from up 55,000 previously. The firm also lowered its estimated broadband net adds in 2024 and beyond. The changes follow Charter’s CFO’s commentary at an investor conference indicating the company now expects a net loss of broadband subscribers in Q4, the analyst tells investors in a research note.
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