UPDATE: ISI Group Raises PT on Charter Communications on Subscriber Increase and Acquisition Potential

In a report published Monday, ISI Group reiterated its Buy rating on Chater Communications

and raised its price target from $88 to $100. ISI Group reported that, “Investors are prepared for a 2H13 reacceleration of growth, to be aided in part by 2%-3% rate increase in mid-February and promotional subscribers moving to normal price starting in July 2013; we expect +8.6% Adj. EBITDA growth in '13, including the Bresnan acquisition, or +4.7% for standalone CHTR, up from +0.5% in ‘12. Charter is still losing video subscriber, but they are increasingly at the lowest tiers of service. During 2012, CHTR lost (143)k residential Limited Basic video subscribers but only (12)k Expanded Basic subs. Each of these trends bode well for ARPU increases and margins.” Shares of Charter Communications closed at $89.06 on Friday.