- Comcast (CMCSA +2.5%) is hovering at its all-time intraday high, of $61.75, following bullish notes from Brean Capital today.
- Brean's Todd Mitchell raised the firm's price target for Comcast to $69, from $67, while maintaining a Buy rating.
- A successful year for film should make up for shortfalls elsewhere, with no small amount of help from Jurassic World and its $1B-plus global grosses, Mitchell notes: "This should offset lower expected growth of 1% from broadcast networks and a 5% drop at Cable Networks, with both facing tough comps."
- Brean sees cable margins coming under pressure; the firm estimates that cable revenues should rise 6% to $11.7B and operating cash flow up 5% to $4.79B, slightly down from its previous estimate of $4.84B.