Charter price target lowered to $250 from $310 at BofA

BofA lowered the firm’s price target on Charter (CHTR) to $250 from $310 and keeps a Buy rating on the shares. Q1 was “undeniably pressured” as broadband losses remain elevated, revenue and EBITDA declined, and free cash flow was weighed down by still significant capex, though the magnitude of the stock reaction post-earnings “feels disconnected from the overall company trajectory,” the analyst tells investors in a post-earnings note.