Comcast slashed to Neutral by Raymond James; shares -4.3%
Comcast is down 4.3% premarket following a downsize to Market Perform from Strong Buy by Raymond James.
Beside the downsize, however, the move reflects the stock’s night-time decrease yesterday in the wake of AT&T’s win in its antitrust case, a result that foretells Comcast’s full offered for Fox media resources.
While various media stocks and potential merger accomplices hopped in the consequence of the choice, Comcast and Disney exchanged lower as they appeared to be made a beeline for an offering war for the Fox resources and also bolting horns for Sky.
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