Seaport Research analyst David Joyce upgraded Comcast (CMCSA) to Buy from Neutral with a $46 price target The firm cites valuation for the upgrade, viewing the recent weakness in the shares as overdone. A deal with Warner Bros. Discovery (WBD) should be “construed positively” for both companies and serves to make Comcast “appear constructive” on supporting the broader linear industry ahead of its Cable Networks spinoff later in 2025, the analyst tells investors in a research note.
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