Wunderlich Securities Sees Multiple Growth Opportunities for Comcast Corporation

In a report published Monday, Wunderlich Securities analyst Matthew Harrigan reiterated a Buy rating and $72.00 price target on

. In the report, Wunderlich Securities noted, “We maintain an effusive Buy-rating on Comcast (CMCSA) off: i) cable benefits from the X1/X2 video platform and Wi-Fi; ii) NBCUniversal continuing to lap any reasonable expectation for rectifying the monetization gap on advertising and affiliate fee pricing with the former now narrowing to about 10% from what was once 20%; and iii) likely early 2015 closing on the Time Warner Cable (TWC-$153.16, Buy) deal that we think could deliver eventual sales advances at least tantamount to the $1.5B/$0.4B OpEx/CapEx savings. The breakout NBCU assessment remains more attributable to favorable broadcast, studio, and park valuations than to cable networks. The TWC deal offers further cable geographic reach that realizes even more value from products and brands such as X1/X2 and Business Services.” Comcast Corporation closed on Friday at $56.74.