Street View: Charter's near-term path appears smooth
** Charter Communications CHTR.O beat Wall Street estimates for quarterly results and reported fewer-than-expected broadband subscriber losses on Friday
** Median PT of 26 brokerages covering the stock is $385 - LSEG data
SUBSCRIBER PROSPECTS INTACT
** Morgan Stanley ("equal-weight", PT: $415) says it has greater confidence in CHTR's appetite to take cost action if growth underperforms, and it continues to expect CHTR's customer trends in 2025 to be better than 2024
** Bernstein ("outperform", PT: $385) says near-term story about achieving a positive slope in net additions is within sight but it is being overshadowed by potential longer-term concerns of a competitive environment
** J.P. Morgan ("neutral", PT: $400) says it is on the sidelines as the brokerage sees near-term macro pressures on broadband but is encouraged by the inflection in subscribers
** TD Cowen ("buy", PT: $525) says the capital expenditure cycle story that calls for a decline in 2026 and ahead is intact and should deliver meaningful free cash flow share growth and eventual return to share buybacks
Reporting by Gokul Pisharody in Bengaluru
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