Comcast price target raised to $55 from $49 at BofA

BofA analyst Jessica Reif Ehrlich raised the firm’s price target on Comcast to $55 from $49 and keeps a Buy rating on the shares after the company reported “strong” Q2 results. Broadband net loss was better than projected and nearly every segment across Connectivity and Platforms and Content and Experiences beat the firm’s forecasts, says the analyst, who adds that linear challenges are being offset by theme park strength.