Bernstein Sees Increased Risk in Media; Disney (DIS) & Time Warner (TWX) Ratings Cut on New Valuation Framework
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Needham & Company Downgrades 21st Century Fox (FOXA) to Hold
August 24, 2015 7:28 AM EDTNeedham & Company downgraded 21st Century Fox (NASDAQ: FOXA) from Buy to Hold while lowering estimates.
Analyst Laura Martin commented, "We lower estimates and downgrade FOXA to Hold from Buy. We lower our FY16 estimates to revenue of $28.0B (from $28.3B), EBITDA of $6.5B... More
Walt Disney (DIS) PT Cut to $89 at Cowen
August 21, 2015 7:41 AM EDTCowen analyst Doug Creutz revised estimates and lowered his price target on Market Perform-rated Walt Disney (NYSE: DIS) to $89.00 (from $98.00). The updatd reflect Disney's Q3:F15 earnings report and adjustments to their long-term view on Big Media.
Creutz commented, "We are... More
