Walt Disney (DIS): Cutting PT Ahead Of Content Contract Renewals - BMO

October 17, 2016 7:05 AM EDT
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Price: $107.62 +0.32%

Rating Summary:
    21 Buy, 17 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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BMO Capital Markets analyst, Daniel Salmon, reiterated his Perform rating on shares of Walt Disney (NYSE: DIS) and cut his price target to $90 from $95.

The analyst expects MVPD distribution losses to continue to outweigh opportunities from newer distribution formats like OTT skinny bundles and DTC products. The analyst believes Disney’s upcoming renewal cycle presents a risk to pricing growth and monthly subscriber fee growth that will likely take a step down from the previous cycle. The analyst expects weakness in ESPN MVPD and skinny bundle subscribers and revenue (and Disney's other major cable nets).

For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.

Shares of Walt Disney closed at $91.30 yesterday.

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