Comcast price target raised to $48 from $45 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Comcast to $48 from $45 and keeps an Overweight rating on the shares. Broadband revenue growth and expense efficiency, which the firm cites for its increased earnings and free cash flow estimates, were "the highlights" of Q1 results, the analyst tells investors. The media rebound in EBITDA has begun while Parks and Studio segment earnings "remain robust," the analyst added.