Charter price target raised to $475 from $450 at Benchmark

Benchmark raised the firm’s price target on Charter (CHTR) to $475 from $450 and keeps a Buy rating on the shares. Charter appears “increasingly successful in implementing a price-led strategy for a generally superior quality product bouquet with visible appeal to a now frugal U.S. consumer,” the analyst tells investors in a post-earnings note. Charter appears to be doing the best job overall in optimizing overall broadband, mobile and video pricing and packaging, the analyst added.