Wunderlich Raises Price Target on Comcast (CMCSA)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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