Loading...
Loading...
Goldman Sachs is out with its "Americas: Entertainment" report today, and highlights Viacom (NYSE:
VIA-B) and Disney
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in