Charter Communications shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $445 to $370. Also, Barclays lowered its price target from $325 to $280 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Charter Communications' stock trades lower following downgrades by JP Morgan and Barclays. JP Morgan downgraded CHTR from Overweight to Neutral and reduced its price target from $445 to $370. Barclays also cut its price target from $325 to $280.
February 05, 2024 | 6:22 pm
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Charter Communications' stock is expected to face short-term pressure due to downgrades by JP Morgan and Barclays, with reduced price targets.
The downgrades by two major financial institutions, JP Morgan and Barclays, directly impact investor sentiment towards Charter Communications. The reduction in price targets suggests a bearish outlook on the stock's value, likely leading to short-term selling pressure.
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