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S&P Picks and Pans: Disney, JDSU, Time Warner, AES

Analyst opinions on stocks making headlines in Wednesday's market

DIS; $30.07

December-quarter operating EPS of 63 cents on 9% fewer shares, vs. 49 cents one year earlier, beat our estimate by 9 cents and the Street consensus by 11 cents. Though a bit hampered by comps on DVD units, we saw stellar results on solid gains with High School Musical 2, Hannah Montana, healthy trends at global theme parks (U.S., Paris, and surprisingly, Hong Kong), plus solid ads at ABC, as well as ESPN. Disney, on its conference call, said U.S. park hotel bookings for rest of fiscal 2008 (Sep.) were tracking slightly ahead of 2007’s record pace, easing some of our concerns on macroeconomic slowdown. Our sum-of-the-parts target price remains $45. /T. Amobi, CPA, CFA