TD Cowen lowered the firm’s price target on Comcast (CMCSA) to $39 from $40 and keeps a Buy rating on the shares. The firm updated its model following mixed Q4 results with inline revenue and modest EBITDA miss, solid free cash flow, and tax rate help.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCSA:
- Comcast: Prolonged Earnings Pressure, Limited FCF Upside, and Overstated NBCU Deal Optionality Support Underweight Rating
- Verizon reports amended MVNO agreement with Charter and Comcast
- Comcast price target raised to $33 from $32.79 at Citi
- Comcast: Near-Term Broadband Headwinds but Strategic Repositioning and Margin Recovery Support Buy Rating
- Comcast Earnings Call: Heavy Investment, Mixed Near-Term