Research Alert: CFRA Lowers Opinion On Communication Services To Marketweight From Overweight
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CFRA has downgraded its outlook on the Communication Services sector from overweight to marketweight. The sector is currently trading at a 17% premium to its five-year average P/E ratio, while technology is at a 1% discount. EPS growth for the sector is expected to slow to 5.7% in 2026, compared to 14% for the S&P 500, before rebounding to 13.5% in 2027. The sector faces concentration risk and capex spending pressures, with a recent decline in price momentum.
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