Deutsche Bank Raises Comcast PT To $30 (CMCSA)

Deutsche Bank raised its Comcast CMCSA price target from $27 to $30 in a research report published today. In the report, Deutsche Bank states, "Regulatory and cable operating momentum catalysts have been realized, but we still believe Comcast shares are still inexpensive. Key is (1) demonstrating continued subscriber momentum in 1Q11; (2) investors gaining confidence in increasing capital efficiency; (3) strong NBCU growth; and (4) continued cost efficiency efforts at cable. Longer-term, a further step-up in return of capital in 2012 and SME scaling should provide incremental value." Shares of Comcast closed Wednesday at $25.13, up 4.01% from Tuesday's market close.