Charter price target raised to $425 from $405 at BofA

BofA analyst Jessica Reif Ehrlich raised the firm’s price target on Charter to $425 from $405 and keeps a Neutral rating on the shares. Charter reported in-line Q1 results, management noted that broadband trends improved from January into February into March and management noted "we continue to see that now within the context of 2Q," the analyst tells investors. The firm, which is reducing its 2023 residential internet net add forecast, but raising its residential mobile net add estimate, now projects 5.4% revenue growth for 2023, up from 5% previously.