Charter price target lowered to $220 from $250 at RBC Capital

RBC Capital lowered the firm’s price target on Charter (CHTR) to $220 from $250 and keeps a Sector Perform rating on the shares after its Q1 earnings miss. The company’s miss in broadband net additions raises questions about the remaining tools at management’s disposal to at least slow the pace of share decline, the analyst tells investors in a research note. RBC adds it has decreased its expectations for broadband net additions and average revenue per user.