Bernstein Lowers the PT on Charter Communications (CHTR), Keeps a Buy

Charter Communications, Inc. (NASDAQ:CHTR) is one of the Top Large Cap Stocks to Buy At 52-Week Low. On September 10, Laurent Yoon from Bernstein lowered the firm’s price target on Charter Communications, Inc. (NASDAQ:CHTR) from $380 to $350, while keeping an Overweight rating on the stock.

The analyst noted that he expects the competition to grow tougher in the sector. He believes that this tough competition could affect the companies in many ways and also make some stronger through mergers. He noted that companies like Charter Communications, Inc. (NASDAQ:CHTR) face the biggest challenge, and the impact depends on how the company reacts.

He noted that Charter Communications, Inc. (NASDAQ:CHTR) will need to carefully manage pricing, customer volume, and marketing costs. However, this balancing act will be difficult as competitive pressure rises.

Charter Communications, Inc. (NASDAQ:CHTR) operates under the Spectrum brand, provides broadband internet, cable TV, mobile, and voice services.

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Disclosure: None. This article is originally published at Insider Monkey.