Goldman Sachs raised the firm’s price target on Comcast (CMCSA) to $29 from $28 and keeps a Neutral rating on the shares after its better-than-expected Q1 results. Residential broadband net loss of 65K beat the firm’s estimate of 148K loss and improved 113K y/y, driven by gross additions from Legendary February – with Olympics, Super Bowl, and NBA All Star Game, the analyst tells investors in a research note. Xfinity benefited from several brand awareness and marketing opportunities as well continued progress in the connectivity go-to-market strategy, the firm added.
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