Oppenheimer analyst Timothy Horan upgrades Comcast (NASDAQ:CMCSA) from Market Perform to Outperform with a $54 target, a 19% upside.
Horan cites catalysts, including broadband strength, underestimated ad revenue, and secular cable improvements.
CMCSA shares are up 2% pre-market to $46.51. The company has an Outperform average Sell Side rating.
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