Scotiabank Downgrades Comcast to Sector Perform, Announces $49 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Jeff Fan has downgraded Comcast (NASDAQ:CMCSA) from Sector Outperform to Sector Perform and set a price target of $49.
October 27, 2023 | 1:13 pm
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NEGATIVE IMPACT
Comcast has been downgraded by Scotiabank from Sector Outperform to Sector Perform with a price target of $49.
The downgrade from Scotiabank could potentially lead to a negative sentiment among investors, which may result in a short-term decrease in Comcast's stock price. The price target of $49 indicates the analyst's expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100