Disney Set for ‘Next Chapter of Growth’: Dan Ives Says Job Cuts to Unlock Earnings Power
Yorkville Ives analyst Dan Ives reiterated an Outperform rating and $125 price target on Disney, saying reported job cuts under CEO Josh D’Amaro will unlock earnings power ahead of fourth-quarter results on Nov. 17.
Disney is cutting jobs to make more money for shareholders. When a company spends less on workers, it can earn more profit to share.
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