Comcast price target lowered to $32 from $35 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Comcast (CMCSA) to $32 from $35 and keeps an Equal Weight rating on the shares. While Comcast is taking active measures to step-function improve its position in the market – simplifying offers, resetting price points, and changing cable division leadership – financial results “will get worse before they get better,” the analyst tells investors. However, if successful, this pivot should bring a return to growth in 2027, the analyst added.