Morgan Stanley Maintains Overweight on Comcast, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an 'Overweight' rating on Comcast (NASDAQ:CMCSA) and raised the price target from $48 to $50.
July 24, 2023 | 1:11 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an 'Overweight' rating on Comcast and raised the price target from $48 to $50, indicating a positive outlook for the company.
The 'Overweight' rating maintained by Morgan Stanley indicates that they believe Comcast's stock will outperform the average return of the stocks they cover. The increase in price target from $48 to $50 suggests they expect the stock's price to rise in the short term. This is likely to have a positive impact on Comcast's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100