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Jefferies Raises Price Target on Charter Communications (CHTR) to $280

November 4, 2016 10:17 AM EDT

Jefferies reiterated a Hold rating on Charter Communications (NASDAQ: CHTR), and raised the price target to $280.00 (from $244.00), following the company's 3Q.

Analyst Mike McCormack commented, "Despite modestly weaker sub metrics and in-line revenue, Charter reported strong EBITDA growth as synergies appear... More