Charter resumed with a Buy at Citi

Citi resumed coverage of Charter (CHTR) with a Buy rating and $425 price target Charter should benefit from accelerating free cash flow growth from the current “trough” in 2025, improving financial flexibility to resume share repurchases, and retaining positive strategic optionality if the category further consolidation, the analyst tells investors in a research note. The firm says the company is responding to the expanded broadband competition by marketing new service commitments, converged rate plan bundles, and modernized video solutions.