Comcast (CMCSA) Upgraded: Price Target Increased from $24 to $31
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowComcast Corp (CMCSA) was upgraded by Rosenblatt Securities from Neutral to Buy, raising the price target from $24 to $31 following the announcement of a spin-off plan for NBCUniversal. This decision appears aimed at boosting investor sentiment amid concerns over competition from SpaceX. The firm's analysts noted that Comcast's stock has declined over 50% over the past five years, suggesting any positive sentiment could lead to price recovery. Additionally, Deutsche Bank also upgraded CMCSA to Buy, lowering its price target from $34 to $32, which still implies a 34% upside.
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About Comcast Corporation (CMCSA)
Comcast is a media and communications company combining Xfinity broadband with the NBCUniversal entertainment and Peacock streaming businesses.
The Communication Services sector covers media, entertainment, telecom and interactive companies that connect and inform people.
Earlier CMCSA news
- Comcast (CMCSA) Spinoff Potential Impact on Investors Assessed
- Comcast (CMCSA) to Separate NBCUniversal, Potential for Future Deals
- Comcast (CMCSA) to Spin Off NBCUniversal Media Groups as Two Entities
- Comcast (CMCSA) Announces NBCUniversal Spin-Off Plan Impacting Stock
- Liberty Broadband (LBRDA) stock surges 15% on Comcast spinoff news
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