Charter Communications (CHTR) PT Slashed to $350 by Bernstein SocGen

Core Viewpoint - Charter Communications, Inc. is facing challenges due to anticipated higher broadband losses and competition from fixed wireless access services, leading to a reduction in its price target by Bernstein SocGen from $380 to $350 while maintaining an Outperform rating [2][3]. Group 1: Company Overview - Charter Communications is a leading American broadband and cable operator providing subscription-based internet, video, mobile, and voice services to residential and commercial clients [1]. Group 2: Analyst Insights - Bernstein SocGen has adjusted Charter's price target to $350, citing expected higher broadband losses and ongoing competition [2]. - Analysts believe that short-term competitive pressures may hinder Charter's recovery and necessitate increased marketing expenditures [3]. - Despite these challenges, Bernstein maintains an Outperform rating based on expectations of stable or increasing revenue and EBITDA, along with significantly higher free cash flow anticipated from reduced capital spending in 2026 and 2027 [3].