2023-08-02 08:38:49 ET
- Charter Communications ( NASDAQ: CHTR ) was upgraded by investment firm Wolfe Research on Wednesday, citing the possibility for multiple expansion and improved share in cable.
- Analyst John Janedis raised his rating on Charter Communications ( CHTR ) to outperform from peer perform and put a $565 price target on the stock, noting that the current valuation accounts for a slight premium over Comcast ( CMCSA ). But over the medium-term, Janedis sees the opportunity for further expansion of the multiple as the competitive landscape reverts to a "rational quasi-dupoly."
- Charter Communications ( CHTR ) shares were little changed in pre-market trading on Wednesday.
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Charter upgraded by Wolfe Research, citing multiple expansion, improved share