Comcast price target lowered to $54 from $57 at Loop Capital

Loop Capital lowered the firm’s price target on Comcast to $54 from $57 and keeps a Buy rating on the shares after its Q1 results. The company’s broadband subs miss was more than offset by average revenue per user, though the firm is lowering its broadband sub growth estimate for the balance of the year, the analyst tells investors in a research note. Comcast’s Connectivity, Studio and linear media results were also close to expectations and Peacock’s losses were $43M better than expected, Loop added.