Jefferies analyst, Mike McCormack, reiterated his Buy rating on shares of Comcast Corp (NASDAQ: CMCSA) after another solid quarter for Comcast. The X1 experience continues to drive product churn lower, with Comcast nearly adding video subs in the seasonally weak quarter and PSUs up strongly. Margin pressures could resurface in 3Q, though the guide remains intact. NBCU also topped expectations and upfront commentary suggests the monetization gap is closing. The Olympics and stronger Film provide benefits in 3Q.

The PT increases to $77 from $72.

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Shares of Comcast Corp closed at $67.92 yesterday.