BofA raised the firm’s price target on Disney (DIS) to $140 from $120 and keeps a Buy rating on the shares. Disney reported a “mixed” fiscal Q4, with revenue above the firm’s estimate and operating income that was modestly below the firm’s expectations. “More importantly,” the firm believes the positive share reaction after earnings can be attributed to an initial FY25 outlook of high single digit adjusted EPS growth, which was above BofA’s prior forecast, along with double digit EPS growth in FY26 and FY27.
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Read More on DIS:
- Disney price target raised to $110 from $91 at Macquarie
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- Disney price target raised to $131 from $115 at Deutsche Bank
- Disney price target raised to $125 from $105 at Barclays
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