Disney Faces 'More Change Ahead' As ESPN DTC Launch Will Accelerate Cord Cutting: NBA Rights, College Football Offer Upside, Analyst Says
DTCsolo stove(DTC) Benzinga·2024-09-20 03:27

An analyst views the launch of ESPN's DTC streaming platform as a mixed bag for The Walt Disney Company DIS, with both positives and negatives. While potential challenges loom, renewed NBA rights and NCAA football playoffs could help offset future weakness. The Disney Analyst: Macquarie analyst Tim Nollen retained a Neutral rating on Disney and lowered the price target from $94 to $91. Read Also: Disney's Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost The A ...