Comcast price target raised to $32 from $31 at RBC Capital

RBC Capital analyst Jonathan Atkin raised the firm’s price target on Comcast (CMCSA) to $32 from $31 and keeps a Sector Perform rating on the shares after its Q1 results. Comcast is executing on its plans to improve broadband subscriber performance at the expense of average revenue per user, having delivered a solid y/y improvement in broadband net additions, and the firm expects a 40K-50K y/y improvement in the coming quarters, the analyst tells investors in a research note.