Schaeffer's Trading Floor Blog

Analyst Update: Comcast Corporation, Time Warner Cable Inc, and Proofpoint Inc

Analysts adjusted their ratings on CMCSA, TWC, and PFPT

by 7/16/2014 2:23 PM
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Analysts are weighing in today on cable providers Comcast Corporation (NASDAQ:CMCSA) and Time Warner Cable Inc (NYSE:TWC), plus security services specialist Proofpoint Inc (NASDAQ:PFPT). Here's a quick look at today's brokerage notes on CMCSA, TWC, and PFPT.

  • Bright and early this morning, Brean Capital lifted its price target on CMCSA to $65 from $60 and reiterated its "buy" rating. The stock tapped a new all-time high of $55.53 earlier, and is now up 0.3% at $55.05. Most analysts are in the bullish camp right alongside Brean, with CMCSA boasting 85% "buy" ratings and an average 12-month price target of $60.81. Looking ahead, Comcast Corporation is due to report its second-quarter earnings before the market opens next Tuesday, July 22.

  • TWC -- which was spun off from takeover target Time Warner Inc (NYSE:TWX) back in 2009 -- also landed a price-target boost from Brean, as the brokerage firm upped its forecast to $186 from $165 and reiterated a "buy" rating. TWC rallied to a new record high of $151.10 earlier, and is now up 0.1% at $149.50. Generally speaking, analysts are on the fence when it comes to Time Warner Cable Inc -- among the 16 firms tracking the shares, 63% maintain an iffy "hold" rating.

  • Goldman Sachs weighed in on several online security stocks today, including PFPT. The brokerage firm doled out a new "buy" rating and a $42 price target, which has launched the shares of Proofpoint Inc to an intraday gain of 3.6% at last check. PFPT is now trading at $34.44, and would need to rise another 22% to live up to Goldman's expectations. While the stock has gained only 4.2% year-to-date, PFPT seems to have found a layer of support at its 50-day moving average -- and analysts are unanimously upbeat. Currently, all eight brokerage firms following the stock consider it worthy of a "buy" rating.

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