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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 06:44 EDT
Wells Fargo analyst Steven Cahall lowered the firm's price target on Disney (DIS) to $155 from $180 but keeps an Overweight rating on the shares "given how good the assets are." In a research note to investors, Cahall says he believes Disney is going to be a relative underperformer as long as the coronavirus dominates the headlines. While theme parks and film studios could feel some pain as folks generally stay home more, TV ratings could benefit, and says Gray Television (GTN), Nexstar (NXST) and E.W. Scripps (SSP) are his best ideas.