UBS analyst John Hodulik raised the firm’s price target on Charter (CHTR) to $425 from $400 and keeps a Neutral rating on the shares. The firm expects sustained competition from fixed wireless access, ramping fiber construction and seasonality to weigh on cable broadband results in Q2, the analyst tells investors in a research note. UBS sees data ARPU growth continuing at a similar pace in Q2, but expects a deceleration in the second half as Charter laps July price increases and anniversaries 2-year guarantees.
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