Benchmark Maintains Buy on Charter Communications, Lowers Price Target to $490
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has maintained a Buy rating on Charter Communications (NASDAQ:CHTR) but has reduced the price target from $575 to $490.
December 06, 2023 | 5:20 pm
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Benchmark analyst reaffirms Buy rating on CHTR but lowers price target to $490, indicating a potential downside compared to the previous target.
The reduction in the price target by Benchmark suggests that while the firm still believes in the stock's potential, there may be factors such as market conditions or company performance that have led to a more conservative valuation. This could lead to a negative short-term reaction in the stock price as investors adjust their expectations.
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