Comcast price target lowered to $41.50 from $45.50 at Scotiabank

Scotiabank analyst Maher Yaghi lowered the firm’s price target on Comcast (CMCSA) to $41.50 from $45.50 and keeps a Sector Perform rating on the shares. While the company delivered in-line financial results, broadband losses continued to be down materially, indicating challenges in a competitive market, the analyst tells investors. The firm believes it is still too early to see meaningful results that would lead to a positive turnaround.