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Should Comcast Split From NBCUniversal/Sky? Wells Fargo Analyst Boosts Call

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hollywoodreporter.com
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Another prominent Wall Street analyst is calling for Comcast to split from NBCUniversal — undoing a merger that closed 10 years ago — in order to better unlock earnings and stock potential from both businesses. "While each Comcast business is good, we believe it would be a much better stock if they were apart," Wells Fargo analyst Steven Cahall wrote in a Wednesday report as he initiated coverage of the cable sector.

He started off Comcast with an "underweight" stock rating, the only such rating among the 28 analysts covering the company, and a $48 price target.

And he became the latest Wall Street observer to call for a split of the Comcast cable systems and the NBCUniversal entertainment unit, along with European pay TV and content giant.

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