Boston, MA 02/07/2014 (wallstreetpr) – The Walt Disney Company (NYSE:DIS) had its price objective boosted to $85 from $79 at Deutsche Bank. The rating agency now has a “buy” view on the stock. The newly issued price objective for DIS reflects a potential 12.49 percent up from the prevailing price. DIS bears an average “buy” sentiment from the various analysts numbering about 36. On average still, the company has a price target of $78.33 from the same number of equities analysts. Out of the 36 analysts that have commented on the stock recently, 21 have issued a “buy” with 14 analysts issuing a “hold.” The Walt Disney Company (NYSE:DIS) currently trades around $75.56 per share, having gained 5.3 percent in the previous trading session.
The Coca-Cola Company (NYSE:KO) has announced signing what it called a “game-changer” deal with a company called Green Mountain Coffee Roasters. KO has paid about $1.25 billion to acquire 10 percent stake in Green Mountain in an agreement that would allow people to make its popular brands at home. Green Mountain provides machines which allow people to make coffee at home with just a touch of a button. The same will be done for sodas and other KO drinks. Basically, with competition rising all around it, KO is wasting no time to tap into potentially lucrative and fast growing at-home market and in this case, Green Mountain offers the leverage it needs to stay ahead of Pepsi and other rivals. That this deal might be a game-changer just as The Coca-Cola Company (NYSE:KO) CEO Muhtar Kent captured it in a statement, can be seen in the way investors sent the shares of the Sprite-maker up 1.12 percent in the previous trading session.
Twenty-First Century Fox Inc (NASDAQ:FOXA) announced its fiscal second quarter results which showed net income decrease 49 percent compared to the same period last year, yet still managed to be in-line with analysts’ estimate. The company’s net income was impacted by acquisition costs. The company’s revenue was satisfying, largely due to its controlling stake in Sky Deutschland AG, a German satellite TV operator. Thus, net income for the quarter ending December 31, was $1.21 billion, suggesting 53 cents per share, and 33 cents on adjusted basis. Revenue was up 15 percent to $8.16 billion. Analysts were looking for revenue of $7.87 billion and EPS of 33 cents.
