Brean Murray Carret Raises Price Target on Comcast (CMCSA), Sees Strong Trends Continuing

Brean Murray Carret & Co. is reaffirming its Buy rating on shares of Comcast Corp (NASDAQ: CMCSA) and is lifting its price target from $32 to $34.

The firm states CMCSA performed a "trifecta" as it posted better than expected financial results, less sub losses than expected and an increase in capital returns.

Brean Murray Carret highlights the strong quarter was driven by its "differentiated service profile and strong returns." The firm believes the company will be able to sustain this competitive advantage well through 2012, "while affording capital returns in excess of committed levels."

Comcast remains on the firm's large-cap Focus List high conviction pick.

For Q1, Brean Murray Carret estimates earnings will total $0.45 per share. The firm also raised its FY12 earnings estimate from $1.75 to $1.85.

Brean Murray Carret is forecasting earnings of $2.16 per share for FY13.

For an analyst ratings summary and ratings history on Comcast Corp click here. For more ratings news on Comcast Corp click here.

Shares of Comcast Corp closed at $28.52 yesterday.

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