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BofA's 9 Takeaways On Sirius XM After CFO Chat
Thursday, August 13, 2020 - 3:33pm | 384Read More...During the conference call, Sirius XM Holdings Inc’s (NASDAQ: SIRI) Chief Financial Officer David Frear provided an optimistic outlook, and he's done so throughout the coronavirus crisis, according to BofA Securities. The Sirius XM Analyst: Jessica Reif Ehrlich maintained a Buy...
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Wall Street Weighs In On Disney's Impressive Streaming Subscriber Growth
Wednesday, August 5, 2020 - 10:50am | 599Read More...Walt Disney Co (NYSE: DIS) shares gained 6.2% on Wednesday morning after the company reported more than 100 million streaming subscribers on Tuesday and said it plans to launch an additional streaming service. Disney reported fiscal third-quarter adjusted EPS of 8 cents, well ahead of consensus...
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BofA Downgrades iHeartMedia On Lower Visibility, Advertising, Event Headwinds
Wednesday, July 1, 2020 - 1:36pm | 318Read More...iHeartMedia Inc’s (NASDAQ: IHRT) second-quarter results are likely to reflect substantial advertising and event-related headwinds from COVID-19 that will be offset only partially by cost saving initiatives and underlying digital growth, according to BofA Securities. The iHeartMedia Analyst...
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Disney's Business Hit Hard By The Coronavirus: Is Now A Buying Opportunity For The Stock?
Wednesday, May 6, 2020 - 11:14am | 720Read More...Walt Disney Co (NYSE: DIS) shares bounced on Wednesday after the company reported mixed fiscal second-quarter earnings on Tuesday afternoon. Disney said parks and cruise operating income plummeted 58% in the quarter, but coronavirus (COVID-19) shelter-in-place measures also significantly boosted...
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Iger Plus: What To Make Of The Disney CEO's Early Departure, Bob Chapek's Accession
Wednesday, February 26, 2020 - 12:30pm | 899Read More...As Disney focuses much of its future on streaming with Disney+, the company's new strategy will be overseen by Iger+. Bob Iger's surprise announcement that he is stepping down as CEO of Walt Disney Co (NYSE: DIS) seemed to come at a strange time. It comes just as Disney is making one of its...
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Disney Had The Content, But The Media Giant Is Now Proving It Can Build A Streaming Service
Wednesday, February 5, 2020 - 1:41pm | 924Read More...Wall Street applauded late last year when Walt Disney Co. (NYSE: DIS) quickly signed up 10 million subscribers for its new Disney+ streaming service. Tuesday's encore presentation brought a standing ovation. Disney's announcement that it had more than 26 million subscribers at year-end and...
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What To Expect From Comcast's Peacock Launch
Thursday, January 16, 2020 - 1:58pm | 458Read More...Media giant Comcast Corporation (NASDAQ: CMCSA) and NBCUniversal will unveil Thursday afternoon the much-anticipated details of its new streaming video service dubbed "Peacock." Ahead of the presentation, several experts discussed what they're hoping to see. Details Matter Axios media...
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Disney+ Goes Live, Creates Promise For The Distributor But Risk For The Producer
Tuesday, November 12, 2019 - 9:50am | 640Read More...Walt Disney Co (NYSE: DIS) on Tuesday launched a highly anticipated and widely marketed Disney+. The new streaming service is poised to bolster Disney’s bottom line but challenge the growth of content creators. The Rating Bank of America analysts Jessica Reif Ehrlich and Bryan Goldberg...
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Option Traders Making Bullish Bets On Comcast
Wednesday, August 21, 2019 - 3:00pm | 638Read More...Comcast Corporation (NASDAQ: CMCSA) shares are up 28.2% year to date, but at least one large option trader is betting there is more upside ahead in the next couple of months. The Trades On Wednesday, Benzinga Pro subscribers received options alerts related to seven large Comcast option trades. At...
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Bank Of America Likes iHeartMedia Given Its Exposure To A Large Audience
Wednesday, August 14, 2019 - 10:05am | 333Read More...The bullish case for iHeartMedia Inc (NASDAQ: IHRT) can be justified given its massive scale in the radio market that's twice the size of its closest competitor, according to Bank of America. The Analyst Bank of America analyst Jessica Reif Ehrlich initiated coverage of iHeartMedia with a Buy...
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CBS Has Strong Quarter, But Viacom Merger Uncertainty Keeps Analysts On Sidelines
Friday, August 9, 2019 - 3:34pm | 619Read More...CBS Corporation (NYSE: CBS) reported strong second-quarter earnings on continued subscriber gains for its streaming platforms and good ad sales, but the growth remains overshadowed by the unsettled picture around the company’s possible merger with Viacom Inc. (NASDAQ: VIAB). “Cloudy...
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Investors, Analysts Still Tuned In To Spotify
Friday, August 2, 2019 - 7:45am | 673Read More...Swedish music streaming company Spotify Technology SA (NYSE: SPOT) stock rebounded on Thursday after a Wednesday sell-off that followed a bigger-than-expected earnings loss and low subscription numbers. Sell-side analysts also weren’t tuning out Spotify’s long-term prospect,...
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Bank Of America Revisits CBS-Viacom Merger Reports
Tuesday, July 16, 2019 - 2:06pm | 360Read More...The on-again-off-again reports of CBS Corporation (NYSE: CBS) acquiring its sister company Viacom, Inc. (NASDAQ: VIAB) resumed this week with a higher chance of a merger completing compared to prior attempts, according to Bank of America. The Analyst Bank of America's Jessica Reif Ehrlich...
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Analysts Marvel At Disney's Box Office Potential This Year
Monday, April 29, 2019 - 4:45pm | 586Read More...For Walt Disney Co (NYSE: DIS), the end game to its string of successes isn’t in sight, analysts said coming out of a weekend in which the company’s “Avengers: Endgame” shattered box office records. Several reiterated their belief in strong upside potential for the company,...
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Bank Of America Adds Disney To 'US 1' List, Lifts Price Target To $168
Tuesday, April 23, 2019 - 9:33am | 338Read More...Walt Disney Co (NYSE: DIS) deserves credit for a successful introduction to its streaming video platform, but a combination of other factors prompted Bank of America to name the stock a top investment idea. The Analyst Bank of America's Jessica Reif Ehrlich added Disney's stock to the...
