Lucy Nieves
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Lucy Nieves in Barbie Stocks,

Disney A Strong Buy In Spite of ESPN's Struggles

Piper Jaffray’s Stan Meyers upgraded the rating for Walt Disney Co  from Neutral to Overweight, while raising the price target from $105 to $120. He said that the company’s forthcoming film slate could generate significant value over the next five years, despite the deceleration in growth at ESPN.

Walt Disney appears strongly positioned in the “current fragmented media landscape” to leverage its content “across a growing number of distribution channels, its global theme park footprint and its merchandising network,” analyst Stan Meyers said.