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Fly News Breaks for May 17, 2017
DIS
May 17, 2017 | 06:10 EDT
Macquarie analyst Tim Nollen downgraded Disney to Neutral and lowered his price target for the shares to $105 from $125. The company's exposure to cable and "outsized" subscriber declines at ESPN "have again become a focal point in investors' minds," Nollen tells investors in a research note. Further, the analyst, while admitting he loves Disney's film, parks and consumer products businesses, does not see catalysts at these units. He believes the shares, which closed yesterday at $107.98, are trading at fair value.
News For DIS From the Last 2 Days
DIS
Apr 23, 2024 | 06:17 EDT
