Raymond James Upgrades Charter Communications to Market Perform After Cox Acquisition

Raymond James Financial, Inc. declared quarterly dividends on both common and preferred stock, signaling steady financial performance and shareholder returns. Analyst Michael Cyprys from Morgan Stanley increased the price target for Raymond James shares from $126 to $136, maintaining an Equal Weight rating while noting improved earnings estimates driven by brokerage and interest income growth. Meanwhile, Raymond James upgraded Charter Communications from an Underperform to a Market Perform rating following its acquisition of Cox Communications, highlighting the deal's potential to enhance Charter's financial position, reduce leverage, and drive free cash flow growth. Charter's stock has shown strong momentum, nearing its 52-week high, with several analysts revising earnings estimates upward. Additionally, Raymond James initiated coverage of Starz Entertainment with an Outperform rating and a $19 price target, citing Starz's transition to a digital streaming model and favorable financial fundamentals despite some liquidity concerns and competitive risks. These developments indicate Raymond James' active role in evaluating and supporting growth prospects across financial and media sectors.