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Fly News Breaks for March 27, 2017
DIS
Mar 27, 2017 | 07:01 EDT
Jefferies analyst John Janedis raised his price target for Disney to $110 saying the company is getting more aggressive on cutting non-sports rights related costs in FY17. He expects cost cutting to benefit cable segment EBIT in FY18. The analyst, however, keeps a Hold rating on Disney. Janedis continues to believe ESPN's revenue trajectory will be flatter than the consensus view, making it difficult for the stock to outperform media peers.
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