Macquarie Maintains Neutral on Comcast, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains a Neutral rating on Comcast (CMCSA) and lowers the price target from $43 to $40.
May 13, 2024 | 5:24 pm
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NEUTRAL IMPACT
Macquarie analyst Tim Nollen maintains a Neutral rating on Comcast but lowers the price target from $43 to $40, indicating a cautious outlook on the stock's short-term price movement.
The adjustment in price target by a reputable analyst like Tim Nollen from Macquarie can influence investor sentiment and potentially impact Comcast's stock price. However, maintaining a Neutral rating suggests that significant upside or downside is not immediately expected, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100