BofA analyst Jessica Reif Ehrlich raised the firm’s price target on Charter to $450 from $425 and keeps a Neutral rating on the shares after Charter reported “mixed” Q2 results. Charter’s investments to expand its footprint and upgrade its plant will support future sub growth, but it will take several years to generate material subscriber and financial benefits, says the analyst, who is rolling the basis of the firm’s price target for the shares to 2024.
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Read More on CHTR:
- Charter price target raised to $450 from $410 at Wells Fargo
- Charter price target raised to $325 from $273 at Barclays
- Charter price target raised to $500 from $450 at JPMorgan
- Charter reports Q2 cash from operating activities $3.3B, free cash flow $668M
- Charter: Q2 total residential, SMB Internet customers up 77,000