Evercore ISI lowered the firm’s price target on Comcast (CMCSA) to $35 from $40 and keeps an Outperform rating on the shares. Comcast’s strategic pivot in broadband pricing and customer experience is starting to pay off, despite the intense competitive landscape, the analyst tells investors in a research note. The firm added that the anticipated decline in C&P EBITDA is more pronounced than expected, and that broadband ARPU growth is slowing.
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