Comcast price target raised to $47 from $42 at Barclays

Barclays analyst Kannan Venkateshwar raised the firm’s price target on Comcast to $47 from $42 and keeps an Equal Weight rating on the shares. Comcast is likely to continue outperforming most cable and telecom stocks over the near term, the analyst tells investors in a research note. While there could still be upside, “the new normal growth path may be tough to force onto historical valuation frameworks,” adds the firm.