Jefferies Upgrades Charter Communications (CHTR) to Buy

March 10, 2014 6:39 AM EDT
Get Alerts CHTR Hot Sheet
Price: $555.00 -1.52%

Rating Summary:
    21 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 37
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Jefferies upgraded Charter Communications (NASDAQ: CHTR) from Hold to Buy with a price target of $150.00 (from $125.00).

Analyst Mike McCormack said, "While shares have lagged following a failed bid to acquire TWC, we believe the market is discounting CHTR's operational momentum, FCF growth, and likely leadership in further consolidation. Our revised PT embeds no M&A benefits, yet we see double digit FCF/share growth from potential acquisitions, lending further support should M&A materialize."

The firm raised FY 2014 EPS from $1.23 to $1.77 and FY 2015 EPS from $3.39 to $3.92/

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 $127.00 yesterday.

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