Charter price target raised to $430 from $385 at Loop Capitalmcast

Loop Capital raised the firm’s price target on Charter (CHTR) to $430 from $385 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s reported broadband subscriber losses that were only slightly worse than sell-side consensus but showed year-over-year improvement-and were significantly better than Comcast’s (CMCSA) results on Thursday, the analyst tells investors in a research note. Video subscriber losses also improved meaningfully, and management believes the full impact of the seamless entertainment apps is not yet reflected in the results, Loop adds.