Seeking Alpha

Comcast lands strong endorsement from Morgan Stanley

Morgan Stanley upgrades Comcast (CMCSA) to an Overweight rating and raises its price target to $63.

The investment firm is convinced that Comcast trades at a discount to peers and sees growth potential with new initiatives such as a next-generation set-top box and home security.

CMCSA +1.65% premarket to $53.68.

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