UPDATE: Wunderlich Securities Raises Target to $36 on Comcast

Wunderlich Securities maintains its Buy rating on Comcast CMCSA and raises its price target $3 to $36 partly on a subjective nod to the company's new Xfinity Streampix. Wunderlich Securities says, "Streampix is initially somewhat of a Netflix (NFLX-NR) clone in service territory that offers library movies and prior-season TV shows, generally for $4.99 monthly, but free to 2mm+ high-end video subs. Beyond WSI's integrated HH formation, FiOS/U-verse, and cord-cutting model, we run a simplified assessment of target and 2016E EBITDA off annual video/HSI net add activity." CMCSA closed at $29.07 a share on Tuesday.