Comcast Corporation Price Target Boosted to $37 by BofA Amid Media Asset Reorganization

BofA upgraded Comcast to Buy from Neutral and raised its price target to $37 from $31, citing the media conglomerate's potential to unlock value at NBCUniversal amid merger activity and reevaluation of media investments. BofA expects Comcast's media operations to benefit from a shrinking conglomerate discount as it breaks off linear cable networks and forms strategic partnerships.