Morgan Stanley lowered the firm’s price target on Liberty Broadband (LBRDK) to $93 from $110 and keeps an Equal Weight rating on the shares. While the firm remains “optimistic” on cable’s long-term broadband position, it sees 2024 as “another year of challenging customer trends” and the firm is lowering broadband net adds expectations across all three U.S. cable operators. Comcast (CMCSA) remains its only Overweight-rated stock in the group as it sees about 10% adjusted EPS CAGR through 2027, the firm noted.
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Read More on LBRDK:
- Liberty Broadband price target raised to $108 from $107 at Citi
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- Liberty Broadband price target lowered to $107 from $130 at Citi