Comcast price target raised to $50 from $46 at Loop Capital

Loop Capital analyst Alan Gould raised the firm’s price target on Comcast to $50 from $46 and keeps a Buy rating on the shares. The company’s Q1 results were "strong" at both the Connectivity and Platforms business and Content and Experiences divisions, the analyst tells investors in a research note. Loop adds that all three NBCU divisions – media, studio and theme parks – exceeded expectations with a strong studio performance that has continued into the second quarter.