Charter price target raised to $400 from $380 at Wells Fargo

Wells Fargo analyst Steven Cahall raised the firm’s price target on Charter (CHTR) to $400 from $380 and keeps an Equal Weight rating on the shares. The firm notes Charter’s go-to-market strategy over the past few years is bearing fruit with better net adds plus growth vs peers. While it’s another 2 years to the free cash flow inflection, the execution is de-risking Charter despite competition, Wells adds.