real-time news and commentary for investors
Wednesday, Aug 7
Goldman Sachs picks at Disney's quarter
- Goldman Sachs notes Disney's (DIS -2.5%) FQ3 was a slight miss on profit if you back out a nickel per share benefit from cable network affiliate revenue that was pulled forward.
- The investment firm also notes affiliate fees for cable networks were slower than it anticipated, 6% Y/Y vs. 11%.
- Overall, Goldman is lukewarm on Disney's upside in the short-term as its sits on a Neutral rating and $69 price target.