tiprankstipranks
Deutsche Bank Predicts Truce in Disney versus Charter Battle
Market News

Deutsche Bank Predicts Truce in Disney versus Charter Battle

Story Highlights

Deustche Bank analyst Bryan Kraft has predicted a truce regarding the dispute between Disney and Charter.

The carriage dispute between The Walt Disney Co. (NYSE:DIS) and Charter Communications (NASDAQ:CHTR) has rattled the media industry, but top-rated Deutsche Bank analyst Bryan Kraft thinks that the media giant is likely to give in on its demand.

Pick the best stocks and maximize your portfolio:

The analyst has predicted Disney’s probable concession on carriage minimums and contract length. Kraft anticipates Charter agreeing to pay Disney’s subscriber rates while also including Disney’s streaming apps for Charter subscribers. The analyst has suggested that a distribution deal is likely to be reached via Xumo, co-owned by Charter and Comcast, which could resolve the standoff.

However, Charter’s hint at exiting the video business could pose a greater challenge for Disney, accelerating revenue declines from linear channels and complicating future distribution deals. The outcome remains uncertain in this high-stakes media clash.

Kraft has a Buy rating and a price target of $120 on the stock, implying an upside potential of 48.9% from current levels.

Overall, analysts are cautiously optimistic about DIS stock, with a Moderate Buy consensus rating based on 14 Buys, five Holds, and two Sells.

Related Articles
William WhiteA Dissapointing Week for Dow Jones Industrial Average Puts It in the Red
Radhika SaraogiAlphabet’s (GOOGL) YouTube TV Boosts Subscription Fee by 14%
William WhiteEpic Games Wins Huge Deal to Add Its Marketplace App to Android Phones
Go Ad-Free with Our App