Benchmark analyst Matthew Harrigan said he believes that Comcast is taking an "intelligent approach" to Peacock by making its streaming service largely advertising supported while he also believes the total cash investment burn, prior to U.S. profitability, is "almost certainly at less than a single quarter of total Comcast free cash flow." The analyst, who contends that Peacock "offers an intelligent barbell alternative to an excessively hasty pay supported direct-to-consumer strategy," keeps a Buy rating and $64 price target on Comcast shares the day after the company hosted an investor event to share more details about the forthcoming service.
Pivotal Research analyst Jeffrey Wlodarczak lowered the firm's price target on Comcast (CMCSA) to $48 from $55 and keeps a Buy rating on the shares. Comcast reported an-line Q1 results but the competitive environment appears to be intensifying, the analyst tells investors in a research note. The firm believes there is an "outside shot" that Comcast could make a play for Warner Bros. Discovery (WBD) "given it can probably get the asset relatively inexpensively and it would clearly boost their scale in content," says Pivotal.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here