UBS analyst John Hodulik believes Walt Disney Co.'s deal to buy a range of 21st Century Fox Inc. assets strengthens its asset base and fits well both strategically and financially, TheFly.com reported Dec. 18.
The analyst maintained his "buy" rating and $122 price target on Disney.
BMO Capital analyst Daniel Salmon, meanwhile, downgraded Fox to "market perform" from "outperform," TheFly.com reported the same day. The analyst maintained his $35 price target on the company's shares.
Salmon said he prefers to be more cautious at the moment amid an uncertain regulatory pathway ahead.