Credit Suisse Raises Price Target & Estimates on Comcast (CMCSA), Maintains Neutral Rating

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Credit Suisse is reiterating their Neutral rating on shares of Comcast Corp (NASDAQ: CMCSA) as the company reported solid 4Q results and a positive 2011 guidance. The firm is raising their FY11 EPS and revenue estimates up to 1.53 and $39.7 billion from $1.45 and $39 billion. They are also raising their FY12 EPS estimate to $1.79 from $1.60 and as a result is increasing their price target on the company to $28 from $22. Credit Suisse states that given that the stock is currently trading only a couple of dollars short of their new price target combined with their belief that Time Warner Cable (NYSE: TWC) is a better pick in the cable sector, they are not selling or Buys shares as CMCSA is still a positive pick for the future.

For more ratings news on Comcast Corp click here and for the rating history of Comcast Corp click here.

Shares of Comcast Corp closed at $25.13 yesterday, with a 52 week range of $15.45-$25.36.

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