Benchmark lowered the firm’s price target on Comcast (CMCSA) to $46 from $48 and keeps a Buy rating on the shares. Noting that the stock is now trading at “its lowest valuation multiples this century apart from the 2008 financial crisis,” the firm now allows for 1% year-over-year broadband price erosion in Q4 with a 2% decline for full year 2026, the analyst tells investors in a post-earnings note.
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Read More on CMCSA:
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