Comcast lands strong endorsement from Morgan Stanley

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

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.