As previously reported, BofA upgraded Comcast (CMCSA) to Buy from Neutral with a price target of $37, up from $31. The media and cable landscape enters 2026 amid significant structural change, which sets the stage for “a transformative year” marked by industry consolidation, evolving distribution strategies, and emerging opportunities across content, technology, and live experiences, the analyst tells investors. The firm believes strategic action for NBCU is “a necessity” post the Versant (VSNT) spin and recent deals.
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