Morgan Stanley Sees Support For Positive Outlook on Comcast

In a report published Wednesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Overweight rating and $63.00 price target on Comcast (NASDAQ: CMCSA).

In the report, Morgan Stanley noted, “Strong 4Q growth across Cable and NBCU last week supports our OW. The debate now focuses on a higher capital intensity outlook. Our analysis of the X1 deployment suggests it will enhance revenue growth, which based on our historical perspective will in turn drive shares, remain OW.”

Comcast closed on Tuesday at $53.52.