UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Charter Communications
In a report published Wednesday, Morgan Stanley reiterated its Overweight rating on Charter Communications (NASDAQ: CHTR), and raised its price target from $78.00 to $80.00.
Morgan Stanley noted, “We project industry-leading EBITDA growth and falling capex to roughly triple FCF/shr from '11 to '14E to ~$9/shr. We expect sub acceleration seen in 1Q to continue as CHTR executes on its operating turnaround, with improving financials in 2H12 & ‘13.”
Charter Communications closed on Tuesday at $73.07.
Latest Ratings for CHTR
|Nov 2016||Moffett Nathanson||Upgrades||Neutral||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.