Comcast price target lowered to $34 from $35.25 at Scotiabank

Scotiabank lowered the firm’s price target on Comcast (CMCSA) to $34 from $35.25 and keeps a Sector Perform rating on the shares. The firm believes the U.S. wireless pricing environment remains “competitive yet rational” and is conductive to growth, the analyst tells investors. The firm is lowering its price target on the stock to slightly reduced FY EBITDA projections