Comcast price target raised by $3 at Pivotal Research, here’s why

Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Comcast to $58 from $55 and keeps a Buy rating on the shares. The analyst views the stock’s valuation as “fundamentally very attractive for the player with control of the dominant way consumers will access the internet in the majority of their footprint with a very compelling converged offer in the balance.” Pivotal believes investors fundamentally undervalue Comcast’s data network.