Charter price target lowered to $440 from $500 at BofA

BofA lowered the firm’s price target on Charter (CHTR) to $440 from $500 and keeps a Buy rating on the shares after the company reported Q2 results that were lower than forecast as broadband trends worsened year-over-year and EBITDA was flat year-over-year excluding one-time items. Though the firm acknowledges that the environment remains “fiercely competitive,” it believes broadband trends will improve year-over-year in the second half and 2026.