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Brean Murray Carret & Co. on Comcast (CMCSA); Remains Focus List High Conviction Pick After Q4 Review

February 16, 2012 8:31 AM EST
Get Alerts CMCSA Hot Sheet
Price: $43.35 +0.65%

Rating Summary:
    31 Buy, 18 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Brean Murray Carret & Co. maintains a 'Buy' on Comcast Corp (NASDAQ: CMCSA) price target raised from $32 to $34.

Brean analyst says, "Comcast hit the trifecta: better-than-expected financial results, lower-than-expected sub losses, and an increase in capital returns. We attribute outperformance to a differentiated service profile and strong growth in ancillary businesses. We believe this competitive advantage can be sustained through 2012 while affording capital returns in excess of committed levels. We are raising our 2012 estimates and increasing our target price to reflect this belief, and we see the potential for further upside from outperformance from NBCU in the second half of 2012. Comcast remains our large-cap Focus List high conviction pick."

Brean raises FY12 EPS estimate from $1.75 to $1.85.

For an analyst ratings summary and ratings history on Comcast Corp click here. For more ratings news on Comcast Corp click here.

Shares of Comcast Corp closed at $28.52 yesterday.


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