Wells Fargo Maintains Equal-Weight on Comcast, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Equal-Weight rating on Comcast (NASDAQ:CMCSA) but has lowered the price target from $50 to $47.
April 05, 2024 | 1:19 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Equal-Weight rating on Comcast but lowers the price target from $50 to $47.
The reduction in the price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Comcast's stock price. The Equal-Weight rating indicates that the analyst views the stock as adequately valued at its current price, but the lowered price target suggests there are factors that could limit its upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100