UPDATE: Jefferies Raises PT on Charter Communications Following Solid 2Q Results

In a report published Thursday, Jefferies analyst Thomas Seitz reiterated a Hold rating on Charter Communications CHTR, and raised the price target from $110.00 to $140.00.

In the report, Jefferies noted, “In our view, solid 2Q results continue to demonstrate the ability of CHTR management to improve operations. Additionally, the company could be at the center of M&A activity in the cable industry, with John Malone referring to the company as "a horizontal acquisition machine". Our price target goes to $140 (from $110).”

Charter Communications closed on Wednesday at $129.63.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferiesThomas Seitz
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!