Wolfe Research Upgrades Charter Communications (CHTR) to Peerperform

Wolfe Research analyst John Janedis upgraded Charter Communications (NASDAQ: CHTR) from Underperform to Peerperform.

The analyst comments: "With peer high infrastructure capital intensity and financial leverage, Charter could benefit most (Exhibit 8). Bonus depreciation could add $1.8B, or ~$11/sh to FCF in '25E. While we remain concerned about rising competition costing cable residential broadband subs & promo costs, bonus depr. could be a tailwind to DOCSIS upgrade timelines, adding much needed dry powder to Charter's war chest. We anticipate 3 paths for Charter to deploy the bonus depr. tailwind: (1) DOCSIS upgrades, (2) de-levering, or (3) buybacks. We upgrade CHTR to Peer Perform."

For an analyst ratings summary and ratings history on Charter Communications click here. For more ratings news on Charter Communications click here.

Shares of Charter Communications closed at $377.43 yesterday.

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