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UPDATE: Jefferies Raises PT to $45 on Comcast Following Strong Q3 Results

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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

DateFirmActionFromTo
Jan 2018InstinetDowngradesBuyNeutral
Nov 2017BuckinghamInitiates Coverage OnBuy
Oct 2017NomuraMaintainsBuy

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Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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