2 Stocks We're Less Excited About
We have removed these names from our list of high-conviction picks in August.
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Mentioned: Dominion Energy Inc (D)
, Comcast Corp (CMCSA)
In early August, Morningstar's equity analysts updated their list of high-conviction picks. Two of the stocks cut from the list were Comcast and Dominion Energy.
We have removed Comcast from our list of high-conviction ideas because its share price is now near our fair value estimate. We continue to view the stock as a solid core holding that will create wealth for shareholders over time, thanks to the firm's wide-moat core cable business and the moves it is making to build a strong media operation. At the current share price, though, we think there are better ideas for new investment.
Morningstar.com does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.