Charter price target raised to $395 from $385 at RBC Capital

RBC Capital analyst Jonathan Atkin raised the firm’s price target on Charter (CHTR) to $395 from $385 and keeps a Sector Perform rating on the shares. The company’s Q1 financial results topped estimates, though broadband net additions were shy of expectations, the analyst tells investors in a research note. RBC adds that its thesis on the name remains unchanged, expecting broadband competition to intensify on the back of fiber and fixed-wireless expansion plans.