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Comcast Stock Gains on Analyst Initiation

Sneha Nahata
Comcast Stock Gains on Analyst Initiation

Comcast (CMCSA) stock rose 1.5% on Friday and closed at $42.30 after Rosenblatt Securities initiated coverage on the cable giant's stock with a “buy” rating and $50 price target. Here's why Rosenblatt analyst Bernie McTernan is bullish on Comcast stock.