Charter price target lowered to $250 from $280 at Barclays

Barclays lowered the firm’s price target on Charter to $250 from $280 and keeps an Underweight rating on the shares as part of a Q1 preview. While cable estimate revisions, especially on broadband unit growth, continue to have downside, telecom key performance indicators “have reasonable visibility heading into the quarter,” the analyst tells investors in a research note.