Charter price target lowered to $310 from $355 at BofA

BofA lowered the firm’s price target on Charter (CHTR) to $310 from $355 and keeps a Buy rating on the shares after the company reported “mixed” Q3 results, including broadband net losses that were larger than forecast and revenue and EBITDA that were lower than projected. 2025 EBITDA growth is now expected to be “flat or marginally positive,” notes the analyst, who is reducing the firm’s 2025 broadband sub estimate to a 451,000 total net loss from a prior forecast for a 327,000 subscriber loss estimate.