Disney price target raised to $119 from $115 at Raymond James

Raymond James raised the firm’s price target on Disney (DIS) to $119 from $115 and keeps an Outperform rating on the shares. Disney delivered better-than-expected Q2 results and slightly raised FY26 EPS guidance to 12% growth, reinforcing confidence in a double-digit EPS CAGR through FY26-FY27, with strength supported by its scaled streaming ecosystem, resilient sports exposure, strong franchise IP, and robust Parks and Experiences cash flows, while operating income growth is increasingly driven by streaming even as Experiences remains the largest profit contributor and the 2H-weighted FY26 outlook comes into focus amid moderating macro concerns, the analyst tells investors in a research note.