Disney higher as Raymond James starts coverage with bullish steaming outlook

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By Martin Baccardax Disney (DIS) – Get Free Report shares edged higher in pre-market trading following a bullish coverage note from Raymond James as the media group looks to shed some of its legacy broadcast assets amid the streaming and sports-focused turnaround under CEO Bog Iger. Raymond James analyst Ric Prentiss initiated coverage of Disney with an ‘outperform’ rating and a $97 price target on Monday, calling it the “premier” stock to play in the streaming transition. He also started with new coverage and similar ratings for media rivals Warner Bros. Discovery (WBD) – Get Free Report and …

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