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Fox deal fits well strategically, financially for Disney, analyst says

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Fox deal fits well strategically, financially for Disney, analyst says

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.