Citi lowered the firm’s price target on Charter to $425 from $480 and keeps a Neutral rating on the shares. The company reported generally in-line Q3 results, the analyst tells investors in a research note. However, the firm finds that Charter’s core pace of broadband growth has slowed and its larger exposure to ACP subscriptions “creates some degree of fragility” if the program is not extended by Congress ahead of its anticipated exhaustion of funds by mid-2024.
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- Charter price target lowered to $475 from $500 at Morgan Stanley
- Charter price target lowered to $390 from $405 at Loop Capital
- Charter price target lowered to $541 from $582 at TD Cowen
- Charter price target lowered to $425 from $450 at BofA