UPDATE: Albert Fried & Company Downgrades Charter Communications to Market Perform
Albert Fried & Company reduced its rating on Charter Communications (NASDAQ: CHTR) from Overweight to Market Perform with a reiterated $80 price target
Albert Fried & Company commented, "While we still think CHTR shares are a good hold a good hold,, we think the recent run up in CHTR shares but ,, we think the recent run up in CHTR shares but with limited incremental data points,, we ,, have little reason to expect CHTR's fundamentals have improved beyond our estimates in our models. .... . . . Unfortunately we think there is little immediate upside to our estimates and CHTR shares are no longer our favorite name in our TMT universe. There is just 2% upside to our $80 price CHTR Target and other issuers in our universe have better upside to our targets today." Charter Communications closed at $78.30 on Thursday.
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