1433 ET - Cable operators are typically a defensive play during recessions, driven by their utility- and subscription-based offerings and limited competition, Bank of America analysts say in a research note. The companies face a tougher setup now, though, with more broadband and video competition compared to prior recessions, the analysts say. "This backdrop challenges the traditional perception of Cable companies as safe havens during an economic downturn," but cable will likely still outperform companies more dependent on advertising as tariffs drag on economic growth, the analysts say. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 14:33 ET (18:33 GMT)
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