UPDATE: Jefferies Raises PT to $45 on Comcast Following Strong Q3 Results
Jefferies reiterated its Buy rating on Comcast (NASDAQ: CMCSA) and increased its price target from $40 to $45.
Jefferies noted, "Comcast delivered a very solid 3Q12 in the cable segment, and while work remains, the NBCU turnaround continues to gain traction. Given the continued strength of the businesses in a tepid economy, the upward-trending cable FCF profile, and the ongoing aggressive return of capital to shareholders, we maintain our Buy rating and are raising our target price to $45 from $40."
Comcast closed at $37.56 on Friday.
Latest Ratings for CMCSA
|Aug 2016||Argus Research||Maintains||Buy|
|Jul 2016||Pacific Crest||Maintains||Overweight|
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