Wunderlich Securities Maintains a 'Buy' on Comcast (CMCSA); Raises PT
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Wunderlich Securities maintains a 'Buy' rating on Comcast (Nasdaq: CMCSA), raises price target from $19 to $23.
Wunderlich analyst says, "We are increasing our Comcast price target to $23.00 from $19 through i) an increase in our S&P 500 target to 1050 from 1000, ii) extending our horizon to 2010 from 2009, and iii) increasing our terminal growth rate to 2% from what was a 0%. Our competitive matrices suggest that fallout from further competitive erosion is likely overly manifested in the stock."
To see more analyst ratings on CMCSA Click Here.
Comcast Corporation, together with its subsidiaries, provides cable services in the United States.
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