Charter price target lowered to $185 from $210 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Charter (CHTR) to $185 from $210 and keeps a Sell rating on the shares. The firm expects the stock to hold its gains on better than expected broadband net additions and EBITDA, and with the management guiding EBITDA growth in 2026, the analyst tells investors in a research note. Valuation appears attractive, particularly on a free cash flow basis, but the firm is concerned that Charter’s broadband business will continue to be pressured as the telecom companies build out their fiber networks and fixed wireless capacity continues to be abundant, the firm added.