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Buy Disney as cruise and streaming businesses pick up steam, Jefferies says

Pelican Press

By Pelican Press,
in World News

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Jefferies sees a rosy

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ahead for Walt Disney . The bank upgraded shares of the entertainment giant to buy from hold. Analyst Ed Alter also lifted his price target to $144 per share from $100, implying nearly 18% upside from Friday’s close. Alter pointed to the launch of two new cruise ships in the first quarter of next year as a catalyst. Together, these ships could drive incremental…

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