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Downgrading Charter Communications To Underweight - Morgan Stanley Comments
(RealTimeTraders.com) - Thursday, Morgan Stanley downgraded Charter Communications (CHTR) to Underweight from Equal-Weight. Analyst Richard Bilotti believes the current capital structure could limit EBITDA and revenue growth to 6-8% in the coming few years.
In addition, the analyst said, “We believe that the implied value of Charter’s equity has downside as a standalone company from its current price.”
On Wednesday, the stock closed at $4.30.
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