Citi Adds CMCSA To Top Picks

Citi is maintaining its Buy rating and its $29 price target on Comcast Corp. CMCSA as it adds the stock to its Top Picks Live. According to Citi, “We finally made it through the pro forma financials for Comcast and NBCU. While there were a number of changes to our model, the aggregate impact to '11 and '12 EPS was small. Our '11 EPS moves down $0.03 to $1.57. Our '12 EPS moves up $0.09 to $1.91. Our FCF per share in 2011 and 2012 is $2.44.” CMCSA closed yesterday at $24.44.