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☆ Disney is the premier stock to play the transition to streaming, Raymond James says
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Disney's strong asset portfolio could aid the transition to streaming, according to Raymond James. The firm initiated coverage of Disney stock on Sunday with an outperform rating accompanied by a $97 per share price target. Disney stock has slipped 1.5% from the start of the year. DIS YTD mountain Disney stock has declined 1.5% from the start of 2023. "Media companies are grappling with the transition from the profitable but declining Linear TV to the mostly unprofitable (as of now) but growing Streaming business," Pretiss says.

Persons: Raymond James, Ric Prentiss, Pretiss, — CNBC's Michael Bloom Organizations: Disney, DIS, Media, Marvel, Star Wars, Hulu, Comcast

☆ Raymond James says this satellite stock can jump 40% and could even double
▼ + stars: | 2023-08-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Raymond James sees big gains ahead for satellite services company EchoStar . He set a base case price target of $28, which implies more than 44% upside from Friday's close. S-band refers to a frequency level critical to radars and satellite communication, used by shipping, aviation and space industries. EchoStar has S-band holdings worldwide that could generate significant revenue starting 2027, according to Prentiss. The analyst also set a bull case price target of $46, suggesting shares could rally up to 137% in an optimistic S-band expansion scenario.

Persons: Raymond James, Ric Prentiss, Prentiss, —, Michael Bloom Organizations: U.S . Locations: Prentiss

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