Comcast price target lowered to $46 from $48 at TD Cowen

TD Cowen analyst Gregory Williams lowered the firm’s price target on Comcast (CMCSA) to $46 from $48 and keeps a Buy rating on the shares. The firm said they posted mixed results highlighted by outsized BB losses as management will lean even more into Mobile which could help sub losses but how much and bundled ARPU pressure is to be determined.