UPDATE: Jefferies Raises PT to $45 on Comcast Following Strong Q3 Results

Jefferies reiterated its Buy rating on Comcast

and increased its price target from $40 to $45. Jefferies noted, "Comcast delivered a very solid 3Q12 in the cable segment, and while work remains, the NBCU turnaround continues to gain traction. Given the continued strength of the businesses in a tepid economy, the upward-trending cable FCF profile, and the ongoing aggressive return of capital to shareholders, we maintain our Buy rating and are raising our target price to $45 from $40." Comcast closed at $37.56 on Friday.