RBC Capital Downgrades Charter Communications (CHTR) to Sector Perform

RBC Capital analyst Kutgun Maral downgraded Charter Communications (NASDAQ: CHTR) from Outperform to Sector Perform with a price target of $375.00 (from $400.00).

The analyst commented, "We acknowledge Charter’s strong execution and impressive FCF ramp. However, we are taking a more cautious view on Cable sector fundamentals and see potential negative sector catalysts weighing on sentiment as we move through 2019. Applying a more modest target terminal multiple lowers our PT from $400 to $375. In light of our tempered view and the strong share price run, we downgrade to Sector Perform."

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 $355.51 yesterday.

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