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UPDATE: ISI Group Raises PT on Charter Communications to $77

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In a report published earlier today, ISI Group reiterates a Buy rating on Charter Communications (NASDAQ: CHTR) and increase its price target from $68 to $77.

ISI comments, “We are raising our target price on CHTR shares to $77 from $68. We have updated our model to reflect a new pricing proposition that is targeted to increase the penetration of bundled services (starting at the end of June), a rate increase undertaken in the March/April time frame for video and high speed data (HSD) customer and our new lower capex expectations (which were too onerous previously) that remain above that of TWC and CMCSA on a per unit basis (homes passed and revenue generating unit) over our projected period.”

CHTR closed at $67.63 on Monday.

Latest Ratings for CHTR

DateFirmActionFromTo
Feb 2017Telsey Advisory GroupDowngradesOutperformMarket Perform
Jan 2017HSBCInitiates Coverage OnHold
Dec 2016RBC CapitalInitiates Coverage OnOutperform

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Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

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