Comcast price target lowered to $50 from $55 at BofA

BofA lowered the firm’s price target on Comcast to $50 from $55 and keeps a Buy rating on the shares. Comcast reported “mixed results,” as better financials were offset by lower-than-forecast key subscriber metrics. Following the report, the firm reduced its Q2 broadband subscriber forecast to down 185,000 and adjusted its broadband subscriber net loss for 2024 to 545,000 from a prior call for a loss of 248,000 subscribers.