Comcast price target lowered to $37.50 from $41.50 at Scotiabank

Scotiabank lowered the firm’s price target on Comcast (CMCSA) to $37.50 from $41.50 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Telecommunication Services under its coverage ahead of Q4 results, the analyst tells investors. The firm notes that while promotional intensity in wireless was elevated during the holiday season, revenue and EBITDA industry growth remains positive.