Charter Communications (CHTR) PT Lifted to $250 at UBS on FCF Growth

UBS analyst John Hodulik reiterated a Buy rating and boosted his price target on Charter Communications (NASDAQ: CHTR) to $250.00 (from $220.00), saying FCF growth will drives the shares as the deal saga comes to an end.

Hodulik commented, "With regulatory approval expected shortly, we are revisiting our pro forma analysis for the combined company. In our view, New Charter provides an attractive investment opportunity, supported by strong underlying fundamentals, synergies and both operational and financial leverage. Management's comfort with net leverage of 4-4.5x provides capacity for future shareholder returns. In holding the line at 4.0x, we estimate CHTR can generate enough cash to fund the repurchase of ~1/4 of the pro forma market cap (or over 1/3rd of the float) by YE18, further enhancing FCF/sh growth."

For an analyst ratings summary and ratings history on Charter Communications click here. For more ratings news on Charter Communications click here.

Shares of Charter Communications closed at $198.12 yesterday.

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