RBC Capital analyst Kutgun Maral lowered the firm’s price target on Charter to $440 from $460 but keeps an Outperform rating on the shares. The company missed on Q4 earnings, but its broadband and wireless net adds came in solidly ahead of estimates and included benefits from the Spectrum One offer and budding penetration from the initial rural build vintages, the analyst tells investors in a research note. The firm expects these trends to continue to play out through 2023 despite macro and competitive conditions "remaining challenging".
Published first on TheFly
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Read More on CHTR:
- Charter price target lowered to $390 from $405 at Loop Capital
- Charter price target lowered to $425 from $450 at Deutsche Bank
- Charter price target raised to $410 from $340 at Wells Fargo
- Charter price target raised to $606 from $541 at Credit Suisse
- Charter (NASDAQ:CHTR) Stock Falls on Mixed Earnings Report
