Charter price target raised to $450 from $440 at Benchmark

Benchmark raised the firm’s price target on Charter (CHTR) to $450 from $440 and keeps a Buy rating on the shares after adjusting the firm’s model for last Friday morning’s earnings release. The firm regards the capital structure simplification and the elimination of the Liberty shares as “a positive complementing a more reasonable equilibrium in the U.S. broadband market,” the analyst tells investors.