UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Raises PT on Charter Communications on Anticipated Accelerating Growth

In a report published Monday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on Charter Communications CHTR, and raised the price target from $84.00 to $100.00. In the report, Swinburne noted, “Shares have outperformed on the anticipation of accelerating growth and the Liberty investment, which at a minimum reduces downside risk. For shares to outperform further and consensus prove low, CHTR will likely need to deliver top line growth approaching that of pending acquisition Bresnan. Our Sept. ‘12 downgrade was based on a view that expectations had run ahead of valuation, and that view remains the case today given the share appreciation. We are raising estimates, both organically and from Bresnan, and raise our PT to $100.” Charter Communications closed on Friday at $103.28.