- Truist Securities analyst Matthew Thornton maintains Walt Disney Co (NYSE:DIS) with a Buy and lowers the price target from $121 to $105.
- Thornton lowered estimates post-2Q results, including factoring in accelerated depreciation of the to-be-shuttered Star Wars hotel in the second half of FY23.
- He views consensus annual EPS as reasonable, but revenue is still a bit high.
- The analyst views the potential upside from the $5.5 billion cost rationalization target, significant than expected price actions into FY24 and other Hulu outcomes, and further lean into sports betting.
- Hulu’s parents, Disney and Comcast Corp (NASDAQ:CMCSA) negotiated to end their troubled marriage. Comcast can require Disney, which owns two-thirds of Hulu, to buy its one-third stake, or Disney can require Comcast to sell under a deal starting in 2024.
- Price Actions: DIS shares traded lower by 0.87% at $87.52 on the last check Tuesday.
- Photo via Wikimedia Commons
Nano Dimension Receives Another Purchase Order For DragonFly IV System From A Western Intelligence Agency
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Waltham, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM, ", Nano Dimension", or the ", Company", )))), a
