Charter price target lowered to $575 from $600 at Benchmark

Benchmark analyst Mathew Harrigan lowered the firm’s price target on Charter to $575 from $600 and keeps a Buy rating on the shares following Q1 results that "closely aligned with Benchmark estimates." The firm views Charter’s three-year network upgrade initiative as "significantly ROI accretive" and argues that a 400,000 annual broadband unit add estimate after 2023 "seems achievable."