Citi analyst Michael Rollins raised the price target on Charter Communications (NASDAQ: CHTR) to $480.00 (from $425.00) while maintaining a Neutral rating.

The analyst commented, "We have updated our target price on Charter to $480 from $425 to reflect our 2024 estimates and to take a more optimistic view of valuation in front of the potential to better monetize its backlog of promotions beginning in 4Q23, while any material benefits are more likely to show up in 2024."