Charter price target raised to $460 from $440 at RBC Capital

RBC Capital analyst Kutgun Maral raised the firm’s price target on Charter to $460 from $440 and keeps an Outperform rating on the shares. The company’s footprint expansion remains a key priority, and the budding subsidized rural construction initiative in particular represents a discrete incremental growth opportunity, the analyst tells investors in a research note. While the Street has already digested the looming investment cycle ahead, the uplift potential to broadband subscriber counts has been "less clear-cut", RBC Capital adds.