Cable Stocks Are Falling Because Wells Fargo Made a Big Bearish Call

Cable stocks are trading sharply little Friday pursuing a bearish telephone connected the radical by Wells Fargo expert Steven Cahall. He sees the cablegram companies facing some increasing contention from the telcos—and each other—and an expanding request to walk connected web buildout. He thinks the effect volition beryllium higher-than-expected costs, lower-than-expected escaped currency flow, a scramble for caller subscribers—and little banal prices.

Cahall chopped his stance connected Charter Communications (ticker: CHTR) by 2 notches, to Underweight from Overweight, dropped...