UPDATE: Citi Downgrades Charter Communications (CHTR) to Neutral
Citi analyst Michael Rollins downgraded Charter Communications (NASDAQ: CHTR) from Buy to Neutral with a price target of $680.00 (from $742.00).
The analyst comments "We are reducing Charter to Neutral (target lowered to $680) on our revised outlook for slower broadband and revenue growth beginning in 2022, while we continue to like the opportunities for ongoing share repurchases and margin expansion to provide support near current levels. We also updated our model to reflect accelerated 1Q21 share buyback activity to about $3.4 billion, following the last 3-months of SEC filings from Advanced Newhouse."
Shares of Charter Communications closed at $615.16 yesterday.
You May Also Be Interested In
- Ginkgo Bioworks and Soaring Eagle Acquisition (SRNG) have agreed to business combination
- Goldman Sachs Downgrades Danone SA (DANO:FP) (DANOY) to Sell
- Medley Management (MDLY) Announces Regulatory Matter Update
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Downgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!