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Technology Stocks : Walt Disney

DIS 103.92

+0.6%

3:31 PM EST

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To: Zoltan! who wrote (1974)	4/26/2000 4:07:00 PM
From: Jim Oravetz	Read Replies (3) of 2222

Prudential Securities analyst Kathy Styponias on Wednesday boosted her stock price target to $46 a share from a previous $39, and increased her earnings estimate for fiscal 2000 to 76 cents from 75 cents and fiscal 2001 to 97 cents from 91 cents. She said the changes reflect earlier forecasts for Disney's broadcasting group that were ``too conservative,'' and added that the boost to fiscal 2001 earnings estimate reflected a shift in revenue from the video of ``Toy Story 2'' to 2001 from 2000. But Styponias agreed that Wednesday's stock action was fueled by the prospects for continued strength in ad sales. ``The whole sector is up pretty substantially,'' she said. ''That is the tide that's rising the boat today.'' Jim

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