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WR Hambrecht + Co Initiates Coverage of the Walt Disney Company (DIS) With a Strong Buy Rating and a Price Target of $60


Quelle: www.cbs.com

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Dann schreib auch dazu,daß dies von GESTERN ist.........



Wednesday September 13, 2:23 pm Eastern Time
Press Release
SOURCE: WR Hambrecht + Co
WR Hambrecht + Co Initiates Coverage of the Walt Disney Company (DIS) With a Strong Buy Rating and a Price Target of $60
Premier entertainment conglomerate well-aligned for EPS growth
SAN FRANCISCO, Sept. 13 /PRNewswire/ -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040:

WR Hambrecht + Co today initiated research coverage on the Walt Disney Company (NYSE: DIS - news) with a strong buy rating and a price target of $60. WR Hambrecht + Co`s Entertainment analyst Jeffrey B. Logsdon cited the opening of additional theme parks, premier animation assets, and an unduplicatable global brand as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

``We have a $60 price target by the end of 2001, which is based on the premium we believe the market may be willing to pay for the Company`s dramatic improvement in fundamentals, additional theme parks, and opportunities with almost $5 billion in free cash flow over the next three years,`` Logsdon said.

Logsdon projects total revenues will reach $24.7 billion in 2000, and $27.0 billion in 2001, up from $23.2 billion in 1999.

The Walt Disney Company owns 100% of Disney Enterprises, Inc. which, with its subsidiaries, is a worldwide entertainment company with operations in five business segments: Media Networks, Studio Entertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing.

About WR Hambrecht + Co

WR Hambrecht + Co (www.wrhambrecht.com) is leveraging technology to bring transparency to capital formation and securities exchange processes. The firm`s earliest and best-known innovations are OpenIPO, an auction-based model for initial public offerings, and OpenBook, an auction for corporate debt offerings. WR Hambrecht + Co focuses on providing underwriting and advisory services for technology and emerging growth companies as well as investing for its own portfolio. The firm serves institutional and retail clients with equity research, sales and trading, electronic brokerage and online private equity offerings. WR Hambrecht + Co has offices in San Francisco, New York, Boston and Philadelphia and is backed by industry leaders including: American Century, American Express, Crimson Ventures, epartners, Fidelity Ventures, Hikari Tsushin Capital, Inc., Instinet Corporation, Novell, Park Avenue Capital, Scudder Technology Fund, Kemper Technology Fund and Texas Pacific Group.

SOURCE: WR Hambrecht + Co


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