Wells Fargo Downgrades Charter Communications (CHTR), UBS Cuts PT

Charter Communications, Inc. (NASDAQ:CHTR) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 13, Wells Fargo downgraded its rating on Charter Communications, Inc. (NASDAQ:CHTR) from Equal Weight to Underweight and lowered its price target from $240 to $180.

Wells Fargo believes that the broadband market will continue to stay competitive, with fiber and fixed wireless access continuing to take market share from cable in 2026. The firm noted that Charter Communications, Inc. (NASDAQ:CHTR) is seeing weaker net additions, challenged growth at Cox, and a free cash flow outlook that depends on subscriber numbers stabilizing. Wells Fargo pointed out that it no longer sees “meaningful differentiation” for the company.

Previously, on December 22, UBS also reduced its price target on Charter Communications, Inc. (NASDAQ:CHTR) from $355 to $233 and maintained a Neutral rating on the stock.

UBS expects ongoing competition in broadband, higher costs, and tough political advertising comparisons in the fourth quarter to result in declines in year-over-year revenue and EBITDA. The firm forecasts revenue to decline 1.7% and EBITDA to fall 2.7%, leading to relatively flat full-year performance. For 2026, UBS expects revenues to remain flat and EBITDA to grow modestly. UBS noted that cost reduction efforts and political tailwinds could help offset low single-digit declines in residential revenue.

Charter Communications, Inc. (NASDAQ:CHTR) is an American broadband connectivity company and cable operator that provides internet, video, mobile, and voice services.

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