Charter Communications gets mild lift following Wells Fargo upgrade
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Charter Communications (NASDAQ:CHTR) shares rose slightly in after-hours trading on Thursday after Wells Fargo analyst Steven Cahall raised his rating on the cable TV operator.
Cahall lifted his rating on Charter (CHTR) to equal-weight, or the equivalent of neutral, saying that the company's network expansion and capital expense plans have now become better understood by Wall Street. Cahall cited Charter (CHTR) using its recent investor day to outline details of its network evolution, mobile phone offering and plans to grow its subscriber base in rural areas around the country as evidence it is working better on explaining its strategies for the coming years.

Cahall said Charter's (CHTR) plans should lead to greater free cash flow between 2023 and 2025.
While Cahall was upbeat about Charter's (CHTR) potential, Hedgeye analyst Andrew Freeman on Thursday added Hedgeye as a short idea on the grounds that its fundamentals could deteriorate over the next year.