Research Alert: CFRA Maintains Strong Sell Opinion On Shares Of Charter Communications, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price by $45 to $115, applying an EV/EBITDA multiple of 5.1x to our 2026 estimate, a discount to its three-year historical average multiple of 6.7x. We trim our 2026 EPS estimate by $0.93 to $40.32 and lower 2027 by $5.97 to $44.22. The competitive environment remained intense across multiple fronts. Charter continued to face expanding fixed wireless competition, with AT&T actively filling gaps left by other competitors that had slowed their expansion efforts. Fiber overbuilders maintained their pace of expansion at rates similar to previous quarters, creating ongoing overlap in Charter's markets. In addition, the housing environment remained muted, with slow household formation and low move rates limiting opportunities for new customer acquisition. Mobile substitution, where customers replace home internet with mobile-only solutions, continued to impact the business.

Research Alert: CFRA Maintains Hold Opinion On Shares Of Baidu

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at USD150, on a P/E of 16.5x our 2027 EPADS view, near peers. We lower our 2026 EPADS estimate to CNY50.87 from CNY55.39 and 2027's to CNY60.72 from CNY62.50. BIDU's full-stack AI capabilities, spanning from Kunlunxin chips and cloud infrastructure to ERNIE foundation models and end-user applications, provide a significant competitive advantage through end-to-end optimization and superior cost and performance. We think that BIDU will see strong demand for AI inference workloads led by AI agents and applications, which plays directly to its strengths in GPU cloud and its MaaS platform. We also see margins benefiting as GPU cloud is structurally more profitable than traditional CPU cloud. We view BIDU's international expansion efforts, including Apollo Go's entry into European and Middle Eastern markets and the launch of an overseas digital human platform targeting global e-commerce, as important growth catalysts. Still, elevated spending needs and fair valuation keep us neutral.

$BIDU

Research Alert: CFRA Lowers Rating To Hold From Buy On Shares Of Citigroup, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price $17 to $133, using a narrower equity risk premium and a forward 2026 P/E of 12.3x vs. the three-year historical average of 11.3x. We reduce our 2026 EPS by $0.45 to $10.85 and 2027's by $0.30 to $12.20 on revenue projections of $93.4B and $96.4B, respectively. C's shares have outperformed the peer group (+5% YTD and +62% in the last 12 months). Following strong Q1 2026 results, we think it will be challenging to reach outsize performance in Markets (trading services), which more than offsets weakness in Banking. We believe macroeconomic trends may face uncertainties from the U.S.-Iran conflict that could trigger tail risks including inflationary pressures and lower consumer confidence. Should we see a U.S. economic slowdown, we believe loan transaction volumes may ease, affecting credit card income and commercial loan activity. Given that the bank's multiyear restructuring is complete, macroeconomic trends will determine top-line growth and profitability, both of which face risks.

Research Alert: CFRA Maintains Strong Sell Opinion On Shares Of Charter Communications, Inc.

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