Wunderlich Raises Price Target on Comcast (CMCSA)
On Friday, Wunderlich reported that it has raised its price target on communications company, Comcast Corporation (CMCSA).
The firm, which currently has a “Buy” rating on CMCSA, has increased the company’s price target to $56 as the company is now turning into a software company. This price target suggests a 27% upside from the stock’s current price of $41.15.
Comcast shares were up 51 cents, or 1.24%, during premarket trading Friday. The stock is up 10% YTD.
The Bottom Line
Shares of Comcast Corporation (CMCSA) have a 1.90% yield based on Wednesday’s closing price of $41.15.
Comcast Corporation (CMCSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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