Charter price target raised to $606 from $541 at Credit Suisse

Credit Suisse analyst Douglas Mitchelson raised the firm’s price target on Charter to $606 from $541 and keeps an Outperform rating on the shares following quarterly results. The firm notes that Q4 broadband net adds accelerated quarter-over-quarter due to the Spectrum One converged wireless/broadband packaging and more rural passings coming on line. Charter continues to grow in competitive fiber footprints, including areas where new fiber passings are being built, Credit Suisse adds.