UPDATE: Stifel Nicolaus Raises PT to Comcast Corporation on Solid Quarter, NBCU Redemption
Stifel Nicolaus maintained Comcast Corporation (NASDAQ: CMCSA) with a Buy and raised the price target from $42.00 to $45.00.
Stifel Nicolaus noted, "While we believe that the NBCU announcement was, indeed, the most notable piece of news issued by CMCSA on Tuesday evening (please see our note entitled NBCU Redemption + Buyback + Dividend Increase = Big News Night for Comcast), we believe that it did overshadow what was a solid quarter of operational results for the company. We have adjusted our model to include the NBCU redemption, as well as 4Q results, and have raised our target price to $45/share."
Comcast Corporation closed at $40.13 on Wednesday.
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