Piper Jaffray analyst Michael Olson believes two announcements by Universal Electronics' (UEIC) largest customer Comcast (CMCSA) has investors concerned. Specifically, Comcast indicated that the pace of X1 roll-outs will slow in 2017 and also announced a partnership with Roku, Olson tells investors in a research note. The analyst does not believe either will impact Universal Electronics' results. He views the concerns as overblown and expects the company to report solid Q4 results. Olson keeps an Overweight rating on Universal Electronics with a $77 price target.

Morgan Stanley named Comcast as the firm's "Top Pick in the Cable & Satellite" industry and notes that it remains the firm's only Overweight-rated name in the sector. Shares are now down 10% year-to-date despite a stable earnings outlook, says the analyst, who remains confident Comcast can grow broadband ARPU consistent with its historical 3%-4% range in 2024 and beyond. Moderating losses at Peacock and the opening of its new theme park Epic Universe in 2025 should also contribute to consolidated EBITDA growth, the analyst tells investors.