Comcast price target raised to $35.50 from $33 at Citi

Citi raised the firm’s price target on Comcast (CMCSA) to $35.50 from $33 and keeps a Buy rating on the shares. The firm views the company’s Q1 report as a “step forward “at improving financial its residential segment performance. The shares should see multiple expansion for Comcast’s stabilizing broadband losses and better value for its content and experiences unit, the analyst tells investors in a research note.