In a report published Monday, Jefferies reiterated its Hold rating on Charter Communications CHTR, and raised its price target from $79.00 to $85.00.
Jefferies noted, “In our view, 4Q results suggest management's efforts during the past year could be at the cusp of delivering materially improved operational and financial performance. While we are more optimistic on CHTR's ability to turn operations, given the challenge, we doubt improvements will be straight-lined.”
Charter Communications closed on Friday at $85.02.
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