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BofA Boosts Comcast (CMCSA) Price Target Amid Media Asset Reorganization
Yahoo Finance· 2026-02-03 10:12
Group 1 - Comcast Corporation (NASDAQ:CMCSA) is recognized for having one of the lowest forward PE ratios among stocks [1] - BofA upgraded Comcast from Neutral to Buy and raised its price target from $31 to $37, indicating a potential value unlock at NBCUniversal due to ongoing merger activities and investor reevaluation of media investments [1] - The media operations of Comcast have been negatively impacted by a conglomerate discount, which BofA anticipates will continue to suppress share prices [3] Group 2 - The divestiture of linear cable networks is expected to enhance the strategic versatility of NBCUniversal and make it easier to sell, while also emphasizing the asset's high value despite being sub-scale [4] - Comcast operates through various segments including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks [4]