1027 ET - Charter Communications' outlook is more attractive than it was previously after announcing a deal for Cox Communications, Raymond James' Frank Louthan and Rob Palmisano said in a research note. The cable giants will merge in a $21.9 billion deal announced Friday. "Our thesis on Charter remains that broadband subscriber growth will remain challenged, and its aggressive rural builds are uneconomical," say the analysts, who raise the stock to market perform from underperform. "But the acquisition and integration of Cox, and the ability to drive cost savings and de-lever now create a more attractive outlook than it was previously." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 19, 2025 10:27 ET (14:27 GMT)
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