Wunderlich Has Buy On Comcast Corporation (CMCSA)

Wunderlich Securities has a Buy rating and a $28.50 price target on shares of Comcast Corporation CMCSA. In a note to clients, Wunderlich writes, "FCC staffers have reportedly indicated that the Comcast NBC Universal transaction will be approved later this week. A January 28th closure date would be exactly one year after Comcast (CMCSA) and NBCU filed their initial merger application at the FCC. DOJ approval should coincide with the FCC nod. Approval is subject to conditions on program access, program carriage, online access, over-the-air broadcast, competition, diversity, and localism. Access to NBC programming for broadband entrants and net neutrality remain the most important elements. We rate CMCSA shares Buy. Our $28.50 price target is derived off our S&P 500-linked valuation template with a modest 1300 index target for 2011." Shares of CMCSA gained 18 cents on Friday to close at $22.72.