Comcast price target raised to $33 from $31 at Morgan Stanley

Morgan Stanley analyst Sean Diffley raised the firm’s price target on Comcast (CMCSA) to $33 from $31 and keeps an Equal Weight rating on the shares. Shares reacted favorably to “less-bad” Q1 broadband losses, signs of traction on the new go-to-market with strong wireless adds, Peacock inching closer towards profitability and openness to strategic possibilities, though broadband competition remains “intense,” the analyst tells investors.