Benchmark raised the firm’s price target on Charter (CHTR) to $475 from $450 and keeps a Buy rating on the shares. Charter appears “increasingly successful in implementing a price-led strategy for a generally superior quality product bouquet with visible appeal to a now frugal U.S. consumer,” the analyst tells investors in a post-earnings note. Charter appears to be doing the best job overall in optimizing overall broadband, mobile and video pricing and packaging, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHTR:
- Charter price target raised to $520 from $500 at TD Cowen
- Charter price target raised to $430 from $385 at Loop Capital
- Charter price target raised to $430 from $385 at Loop Capitalmcast
- Charter price target raised to $400 from $380 at Wells Fargo
- Charter Communications: Balanced Outlook Amid Mixed Performance and Competitive Pressures