Comcast's Q4 broadband customer loss exceeds expectations, price target cut by Scotiabank.

Comcast Corp's (CMCSA) price target was reduced by Scotiabank to $35.25 from $37.50, maintaining a Sector Perform rating. The firm cited intense competition and pressure on broadband customers, with Comcast losing 181,000 broadband customers in Q4. Management expects customers using free mobile lines to shift to paid plans later this year.