Wells Fargo Maintains Equal-Weight on Comcast, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Equal-Weight rating on Comcast (NASDAQ:CMCSA) and reduced the price target from $47 to $43.
April 26, 2024 | 12:14 pm
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Wells Fargo has maintained an Equal-Weight rating on Comcast but lowered the price target from $47 to $43.
The reduction in 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 maintenance of an Equal-Weight rating indicates a neutral long-term outlook, but the lowered price target suggests concerns about Comcast's near-term performance.
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IMPORTANCE 75
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