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Wells Fargo analyst Steven Cahall downgraded Charter Communications Inc (NASDAQ:CHTR) to Underweight from Overweight with a price target of $665, down from $848, implying a 6% downside. Cahall is now taking a more bearish stance on the Cable sector’s outlook and thinks the sector faces more competition for broadband subscribers industry-wide as penetration is now high.
...read full article on Benzinga
