Deutsche Bank analyst Bryan Kraft upgraded Comcast (CMCSA) to Buy saying the shares, despite rallying 14% since the U.S. election, are yet to price in the potential for tax reform, greater optionality from less regulation and the likely of acceleration in free cash flow growth through 2019. The probability of a large wireless acquisition in the next two years is low, Kraft tells investors in a research note. He raised his price target for Comcast shares to $88 from $68. The analyst this morning also upgraded Netflix (NFLX) to Hold.
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