Comcast Corp (CMCSA) PT Lowered to $44 at KeyBanc
KeyBanc analyst Brandon Nispel lowered the price target on Comcast Corp (NASDAQ: CMCSA) to $44.00 (from $45.00) while maintaining a Overweight rating.
The analyst commented, "We remain OW CMCSA though lower our ests. and PT to $44. NT catalysts seem elusive; the portion of our thesis centered around Theme Park growth and Peacock losses improvement appears challenged by domestic parks attendance and the NBA contract. While we continue to like its Broadband franchise and see CMCSA operating with strong efficiency driving modest growth, subscriber trends likely will be challenged NT, and we are consistently pushing out expectations for a recovery. We remain OW as we continue to see an LSD OCF growth, moderating capital spending in 2025, and FCF growth (ex-one-time Hulu tax payments), which should translate to capital returns for shareholders while the business slowly makes it through competitive/secular challenges."