Comcast price target lowered to $28 from $30 at Barclays

Barclays analyst Kannan Venkateshwar lowered the firm’s price target on Comcast (CMCSA) to $28 from $30 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the cable, satellite and Telcom services group as part of its 2026 outlook. 2026 “could establish the longer-term operating road map for convergence, which may also require a different capital allocation template across the industry,” the analyst tells investors in a research note. Barclays says Comcast “could be an interesting value opportunity.”