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Goldman downgrades Disney on rising sports rights

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LOS ANGELES (AP) — Goldman Sachs removed Disney from its "conviction buy" list on Thursday, citing a run-up in the shares since early last year, rising sports rights costs, and new competition from News Corp.'s upcoming sports channel, Fox Sports 1. Analyst Drew Borst maintained his target price of $70 in the coming 12 months, but downgraded his rating to "neutral." Disney shares fell 2.2...

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