Wells Fargo lowered the firm’s price target on Disney (DIS) to $146 from $148 and keeps an Overweight rating on the shares. The firm’s Top Pick thesis on Disney has been a new year with new management for the self-help required to get the most out of the assets. Wells sees early signs of content and DTC improvements, while strong Parks trends support EPS growth. The firm sees over 30% 12-month upside.
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