Benchmark analyst Mathew Harrigan contends that Charter’s (CHTR) current stock price “adequately recognizes uncertainty” related to how the company’s ongoing programming dispute and carriage blackout with Disney (DIS) evolves. Within the firm’s $575 price target on Charter shares, Benchmark has a sustained video business representing $110 per share, inclusive of $100 for the current installed base runoff, which implies Charter could make an intermediate pivot totally to broadband, mobile and business services with the firm’s fair value estimate declining only to $565, the analyst tells investors. Benchmark maintains a Buy rating on Charter shares.
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