Charter Communications shares are trading higher after Bernstein upgraded the stock from Market Perform to Outperform and announced a $370 price target.
Portfolio Pulse from Benzinga Newsdesk
Charter Communications' stock is trading higher following an upgrade by Bernstein from Market Perform to Outperform, with a new price target of $370.
March 18, 2024 | 4:13 pm
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Charter Communications was upgraded by Bernstein from Market Perform to Outperform, with a price target set at $370.
The upgrade by Bernstein to Outperform signifies a positive outlook on Charter Communications' stock, suggesting a strong belief in the company's potential for growth. The setting of a $370 price target further emphasizes this optimism, indicating an expected increase in stock value. Such analyst upgrades typically lead to a short-term positive impact on the stock price as market perception shifts in favor of the company's future financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100