Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Charter (CHTR) to $500 from $460 and keeps an Equal Weight rating on the shares as the firm rolls its valuation forward to YE24 estimates. While the firm expects the Disney (DIS) dispute to have a net negative impact on Q3 results, the firm sees a positive risk/reward. However, it stays at Equal Weight as it balances its and consensus expectations of higher broadband net adds and financial growth in 2024 with the risk of increased FWA competition.
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Read More on CHTR:
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