Charter Communications (CHTR) News Today

Charter Communications (NASDAQ:CHTR) shares are trading higher today on the back of multiple bullish analyst actions and renewed confidence in its pending Cox Communications merger. Key drivers include:

• Loop Capital Upgrade: Raised CHTR from “hold” to “buy,” boosting its price target to $510 from $430, citing stronger growth prospects post-merger.
• Raymond James Upgrade: Lifted the rating from “underperform” to “market perform,” highlighting anticipated synergies and improved cash flow.
• Oppenheimer Upgrade: Also moved CHTR to a higher rating tier this week, reinforcing positive sentiment among institutional investors.
• Merger Outlook: Industry experts, including Craig Moffett, underscore that the Charter-Cox tie-up is chiefly aimed at accelerating wireless expansion—broadening Charter’s service portfolio and revenue streams.
• Institutional Buying: Quantinno Capital and Man Group have significantly increased their stakes in recent filings, signaling confidence, while a few asset managers trimmed modest positions.
• Long-Term Growth Thesis: Zacks Research continues to rank Charter among top consumer discretionary growth plays, noting its solid performance relative to peers and favorable earnings revisions.

Collectively, the raft of upgrades, higher price targets, and strategic merger rationale are driving investor demand in Charter Communications stock.