Comcast: Buy For Long Haul

3/24/2002 7:00 PM Eastern

SunTrust Robinson Humphrey cable analyst Gary Farber initiated coverage on Comcast Corp., assigning the MSO an "outperform" rating and slapping a 12-month price target of $39 per share on the stock. Farber cited Comcast's impressive operating profile and the many benefits of its pending merger with AT&T Broadband. But dilution and integration risk from that deal may constrain its near-term performance until AT&T Broadband sorts out some of its execution issues, he cautioned.


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