CommScope price target raised to $23.50 from $20 at BofA

BofA analyst Tal Liani raised the firm’s price target on CommScope (COMM) to $23.50 from $20 and keeps a Buy rating on the shares. CommScope is a much different story now following the sale of its Connectivity and Cable Solutions segment, says the analyst, who sees “a high likelihood” that management will continue to divest assets, de-facto breaking up the company to its pieces and serving as a catalyst for the stock and exposing its sum-of-the-parts valuation.