Charter price target raised to $480 from $425 at Citi

Citi analyst Michael Rollins raised the firm’s price target on Charter to $480 from $425 and keeps a Neutral rating on the shares. The higher target reflects 2024 estimates and a more optimistic view of the stock’s valuation in front of the potential to better monetize Charter’s backlog of promotions beginning in Q4, the analyst tells investors in a research note. The firm says any material benefits are more likely to show up in 2024.