From Investing.com: 2025-04-14 10:31:00

Wells Fargo has downgraded Comcast due to increasing costs from its mobile pivot. The company’s stock fell by 2.1% following the news. The downgrade comes after Comcast reported a 65% increase in capital expenditures for its mobile business in the second quarter. Wells Fargo now rates the stock as “equal-weight” with a price target of $58.



Read more at Investing.com: Wells Fargo downgrades Comcast on rising costs from its mobile pivot