Argus raised the firm’s price target on Comcast to $50 from $45 and keeps a Buy rating on the shares. The company is focused on customer retention in the increasingly competitive U.S. broadband service market and continues to invest in content, Peacock and Theme Parks, the analyst tells investors in a research note. Comcast also offers some of the fastest connectivity speeds in residential broadband, and continues to grow its Business Services line, the firm added.
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