JPMorgan analyst Sebastiano Petti lowered the firm’s price target on Comcast (CMCSA) to $33 from $38 and keeps a Neutral rating on the shares post the earnings report. The firm “meaningfully” reduce medium-term EBITDA estimates on the company’s new pricing and packaging dilution.
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Read More on CMCSA:
- Comcast price target lowered to $46 from $48 at Benchmark
- Comcast price target lowered to $34 from $36 at Bernstein
- Comcast downgraded to Neutral from Buy at Seaport Research
- Comcast’s Strategic Challenges and Hold Rating Amidst Market Pressures
- Comcast downgraded to Neutral at Goldman amid broadband ARPU, EBITDA pressure