Charter Communications (CHTR) Receives Upgrade from Bernstein

by MarketNewsData

Charter Communications (CHTR) received an upgrade from Bernstein, moving from Market Perform to Outperform with a price target of $380.

  • The upgrade follows Charter’s Q2 earnings miss, which sent the stock down over 17% last week.
  • Bernstein believes the selloff was overdone and sees upside from long-term broadband strategy.

Stock quote: CHTR is trading at $300.08 −9.67 (3.12%) intraday, despite the Upgrade.

Takeaway:
Analysts see value in the pullback; betting Charter’s fundamentals will recover despite near-term subscriber losses.

More Live News