Wolfe Research analyst Peter Supino upgraded Comcast to Peer Perform from Underperform and removed the firm’s prior $39 price target on the shares based on a fair value range of $37-$63 per share that is now rolled forward to calendar year 2024. Broadband flow share is near a bottom and should return to duopoly by 2026, while Peacock losses are now priced-in, the analyst tells investors.
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