Charter price target lowered to $425 from $450 at Deutsche Bank

Deutsche Bank analyst Bryan Kraft lowered the firm’s price target on Charter to $425 from $450 and keeps a Hold rating on the shares. The analyst reduced estimates to reflect lower EBITDA and free cash flow expectations. The firm still sees some upside in the stock over the next 12 months, but does not see much room for an upward re-rating given the deceleration of growth in the industry and from Charter.