Citigroup Maintains Buy on Comcast, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Rollins maintains a Buy rating on Comcast (NASDAQ:CMCSA) but lowers the price target from $53 to $48.

April 29, 2024 | 4:30 pm
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Citigroup maintains a Buy rating on Comcast but lowers the price target from $53 to $48.
The reduction in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on Comcast's fundamentals but with adjusted expectations. This could lead to mixed reactions in the short term, as investors recalibrate their valuation models based on the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100