Goldman Sachs Highlights Disney and Viacom as "Preferred Media Stocks" (VIA-B, DIS)

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Goldman Sachs is out with its "Americas: Entertainment" report today, and highlights Viacom (NYSE: VIA-B) and Disney (NYSE: DIS), as preferred picks.In a note to clients, Goldman Sachs writes, "Our preferred media stock is Viacom, which generates around 50% of its operating income from national cable advertising, and is benefiting from improving ratings and trades at 11.2X CY2012 EPS. We also like Disney, which has a strong film slate, a late-cycle theme park recovery that should track US employment growth, and trades near a market multiple (12.8X) on CY2012 EPS."Goldman Sachs maintains a $58 PT on VIA.B, and a $50 PT on DIS.Shares of VIA. B closed Friday at $49.92.Shares of DIS closed Friday at $41.52.

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