Rosenblatt raised the firm’s price target on Charter (CHTR) to $482 from $477 and keeps a Buy rating on the shares after updating the firm’s models for Disney (DIS) and Charter following news Monday of an end to the companies’ carriage impasse. The settlement, as the firm expected, “averts imminent fears of pay TV distribution armageddon,” the analyst tells investors.
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Read More on CHTR:
- Charter’s Spectrum TV Plus customers to get ESPN+ for free, Bloomberg reports
- Disney deal likely has ‘overall positive result’ on economics, says Guggenheim
- Disney and Charter Reach Deal on Carriage Costs
- Disney, Charter announce multiyear distribution agreement, end blackout
- Disney, Charter reach agreement to end blackout, WSJ reports