Charter price target lowered to $380 from $390 at RBC Capital

RBC Capital lowered the firm’s price target on Charter (CHTR) to $380 from $390 and keeps a Sector Perform rating on the shares. The company’s subscriber performance should benefit from new plans introduced in September, but anticipated broadband ARPU – average revenue per user – will be pressured going into FY25, the analyst tells investors in a research note. The firm’s price target cut also reflects a higher interest rate assumptions, RBC adds.