Charter price target lowered to $400 from $450 at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak lowered the firm’s price target on Charter to $400 from $450 and keeps a Buy rating on the shares. The company reported mixed Q1 results as it manages through the effects of fixed wireless access and to a lesser extent fiber competition and continued very low household move churn, the analyst tells investors in a research note.