Wunderlich Reiterates Buy, $33 Target on Comcast

Wunderlich Securities maintains its Buy rating and $33 target on Comcast Corporation

as the company will cross market products with Verizon Wireless after spectrum deal announcement last week. Wunderlich says, “Both the three cable MSOs and Verizon will cross-market their respective products, with four trial markets early next year and expansion to new markets in early 2013. The four-year time line to VMSO status with Comcast-branded wireless products and wholesale access to Verizon's best-inclass network provides an end game solution with Verizon's in-house FiOS area quad play likely getting some interim market share benefit in 2012 and to a lesser extent over 2013-2016.” CMSCA closed at $23.26 per share on Friday.