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Comcast Rises After Rosenblatt Securities Initiates Coverage With Buy Rating

Rob Lenihan

climbed 1.5% to $42.30 Friday after Rosenblatt Securities initiated coverage of the cable and media giant with a buy rating and a $50 price target. McTernan said that Comcast has grown total broadband subscribers over the past five years by about 1.5 million, benefiting from end market growth and taking share from DSL operators. "We think the company still has substantial growth in front of them over the next five years, although at a slower pace relative to the past five years," McTernan wrote.