Comcast's Spin-Off to Boost Broadband and Streaming Growth: Goldman Sachs
CMCSAComcast(CMCSA) Benzinga·2024-11-22 02:35

Goldman Sachs analyst Michael Ng maintained a Buy rating on Comcast Corp CMCSA with a price target of $50.On November 20, 2024, Comcast announced plans to spin off select cable networks and digital assets into a new publicly traded entity called SpinCo.The proposed spin-off aims to streamline Comcast’s operations and enhance growth by separating its cable networks and complementary digital assets from its broader media and streaming divisions.Also Read: Taiwan Semiconductor Plans New Factories To Boost Dome ...