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BofA Says Disney Is The Happiest Place On Earth For Investors, Lifts Price Target
Monday, June 15, 2020 - 10:44am | 395Walt Disney Co (NYSE: DIS) is trading at an attractive valuation and should be bought by investors as more states and regions are re-opening their economies, according to BofA Securities. The Disney Analyst: Jessica Reif Ehrlich maintains a Buy rating on Disney's stock with a price target...
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Bank Of America Explores The Discovery Communications Bull Case
Thursday, December 21, 2017 - 6:21pm | 395Bank of America Merrill Lynch upgraded Discovery Communications Inc. (NASDAQ: DISCA), buying into the thinking behind the Scripps Networks Interactive, Inc. (NASDAQ: SNI) deal. Discovery is acquiring Scripps for $14.6 billion in cash and stock. The Analyst BofA Merrill...
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Wall Street Reacts To Disney's Purchase Of Fox's Entertainment Assets
Monday, December 18, 2017 - 6:16pm | 874Walt Disney Co (NYSE: DIS) reached an agreement to acquire Twenty-First Century Fox Inc (NASDAQ: FOXA)'s movie and TV studios, most of its cable networks and international assets for $52.4 billion. Here's how some of Wall Street's most notable entertainment and media analysts are...
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Bibbidi Bobbidi Blah: Disney's Q4 Just As Tough As Expected
Friday, November 11, 2016 - 3:21pm | 398Walt Disney Co (NYSE: DIS) reported mixed results for its fourth quarter, as stronger media networks and consumer products (CP) performance were offset by studio and theme parks softness. Bibbidi Bobbidi Blah But, Bank of America reiterated its Buy rating on the stock on potential success of...
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Bank Of America Is Still Buying Disney
Monday, December 21, 2015 - 10:50am | 355Shares of Walt Disney Co (NYSE: DIS) have appreciated 14.21 percent year-to-date, while declining 10.41 percent over the past month. Jessica Reif Cohen of Bank of America Merrill Lynch has maintained a Buy rating on the company, with a price objective of $130. Cohen believes that the...
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Time Warner Downgraded By Bank Of America Analysts On Lack Of Catalysts
Thursday, November 5, 2015 - 11:45am | 398Time Warner Inc (NYSE: TWX) shares are down 16 percent year-to-date, declining steadily after hitting a high of $91.01 on July 16. BofA Merrill Lynch’s Jessica Reif Cohen downgraded the rating on the company from Buy to Neutral, while reducing the price objective from $95 to $79....
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Why Bank Of America Thinks Disney Is A Perfect Storm (Trooper)
Wednesday, October 21, 2015 - 11:06am | 331Walt Disney Co (NYSE: DIS) shares are down 7 percent in the last three months, having slid from a high of $121.69 on August 4. BofA Merrill Lynch’s Jessica Reif Cohen maintained a Buy rating on the company, with a price objective of $130. 3Q15 results reported by Hasbro, Inc. (...
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Disney's CFO Departure All Part Of The Plan, BofA Says
Tuesday, June 2, 2015 - 7:33am | 215In a report published Tuesday, Bank of America Merrill Lynch analyst Jessica Reif Cohen reiterated a Buy rating and $130 price target on Walt Disney Co (NYSE: DIS). Jay Rasulo is to step down as the company's CFO, effective June 30. While a successor is yet to be announced, Mr. Rasulo's...
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CBS Could Be Worth $80 Per Share, According To Bank Of America
Tuesday, March 3, 2015 - 9:49am | 152According to analysts at Bank of America, CBS Corporation (NYSE: CBS) could be worth $80 per share in a deal with Time Warner Inc. Bloomberg is reporting that a possible merger between the two companies may value CBS at $80 per share (+35 percent upside), while yielding 2016 EPS accretion for...
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Bank Of America Reiterates Buy, Raises Price Target On Disney Following Strong F1Q Results
Wednesday, February 4, 2015 - 9:31am | 131In a report published Wednesday, Bank of America analyst Jessica Reif Cohen reiterated a Buy rating on Walt Disney Co (NYSE: DIS), and raised the price target from $105.00 to $120.00. In the report, Bank of America noted, "DIS' F1Q results were well ahead of consensus and our forecast, reflecting...
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Bank Of America: Comcast A 'Model Of Consistency,' Added To US 1 List
Tuesday, November 25, 2014 - 12:59pm | 261Jessica Reif Cohen of Bank of America reiterated a Buy rating on Comcast Corporation (NASDAQ: CMCSA) on Monday with a $70 price target while adding the company to the “BofA Merrill Lynch US 1 list” as a preferred investment idea with near-term upside. According to Reif Cohen,...
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Bank Of America Comments On DreamWorks Takeover Chatter, Removes Rating And Price Target
Friday, November 14, 2014 - 10:17am | 198On Thursday, multiple sources speculated that Hasbro, Inc. (NASDAQ: HAS) was in early talks to acquire DreamWorks Animation Skg Inc (NASDAQ: DWA) for as much as $35 per share, or $3.5 billion. Thursday's reports follows previous speculation that Japan-based Softbank was interested in...
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UPDATE: Bank Of America Downgrades Viacom As Headwinds Return
Thursday, October 16, 2014 - 9:15am | 159In a report published Thursday, Bank of America analyst Jessica Reif Cohen downgraded the rating on Viacom, Inc. (NASDAQ: VIAB) from Neutral to Underperform, and lowered the price target from $91.00 to $72.50. In the report, Bank of America noted, “We project VIA's F4Q14E will largely reflect the...
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UPDATE: Bank of America Upgrades Time Warner Following Investor Day
Thursday, October 16, 2014 - 9:15am | 149In a report published Thursday, Bank of America analyst Jessica Reif Cohen upgraded the rating on Time Warner Inc (NYSE: TWX) from Neutral to Buy, and raised the price target from $79.00 to $85.00. In the report, Bank of America noted, “Following its rejection of FOX's $85+ takeover bid this summer...
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Bank Of America Expects Solid F1QE Results For Twenty-First Century Fox Inc
Thursday, October 2, 2014 - 8:14am | 200In a report published Thursday, Bank of America analyst Jessica Reif Cohen reiterated a Buy rating and $40.00 price target on Twenty-First Century Fox Inc (NASDAQ: FOXA). In the report, Bank of America noted, “We project FOXA's F1QE will show mid-single digit revenue and EBITDA growth due to strong...