Advertisement
Canada markets open in 1 hour
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7357
    -0.0015 (-0.21%)
     
  • CRUDE OIL

    82.61
    +1.26 (+1.55%)
     
  • Bitcoin CAD

    95,891.93
    +487.44 (+0.51%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,232.90
    +20.20 (+0.91%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,496.50
    -7.25 (-0.04%)
     
  • VOLATILITY

    13.02
    +0.24 (+1.88%)
     
  • FTSE

    7,952.37
    +20.39 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6817
    +0.0012 (+0.18%)
     

Why Disney is one of the entertainment companies best-positioned for DTC

On Monday, Goldman Sachs initiated coverage on shares of Disney with a buy rating and $137 12-month price target. The firm finds that trends in cord-cutting are rapidly accelerating, and thinks investors are undervaluing Disney’s DTC segment by more than 50%. Goldman Sachs also expects Disney’s Parks and Studios segments to fully recover post-COVID.