UPDATE: Credit Suisse Raises Target to $32 on Comcast - Comcast (NASDAQ:CMCSA)

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Credit Suisse maintains its Neutral rating on Comcast (NASDAQ: CMCSA) and raises its price target to $32 from $28 on impressive cable and video unit results for the fourth quarter. Credit Suisse says, "Comcast posted 4Q11 PSU net adds of 465k, ahead of our 333k est. A stunning basic video sub loss of only 17k (vs. our -112k est), and HSD net adds of 333k (vs. our 289k est), drove the "beat." Cable revenue of $9.47 was in line with our est, while cable EBITDA landed just ahead of our est. at $3.94b."CMCSA closed at $28.52 a share yesterday.

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