BNP Paribas Exane Lowers Comcast Price Target to $28, Cites Intensifying Cable Pricing Pressure
BNP Paribas Exane cut its price target on Comcast to $28 while keeping a Neutral rating, pointing to growing pricing competition across the cable sector. The firm reduced ARPU growth forecasts for Comcast and expects larger declines for Charter in 2026 amid rising fixed wireless access and fiber penetration. Charter has recently taken on fresh debt…