Cable One price target lowered to $650 from $825 at KeyBanc

KeyBanc analyst Brandon Nispel lowered the firm’s price target on Cable One (CABO) to $650 from $825 and keeps an Overweight rating on the shares. The firm notes Q4 results came in below expectations. While KeyBanc appreciates the strategic initiatives over the past 12 months, and management’s conviction in returning to high single digits revenue growth in 2025, the firm has yet to see them show up in results and expect a range-bound stock near term while execution improves.