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.
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Morningstar.com does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.