Barclays analyst Kannan Venkateshwar raised the firm’s price target on Disney (DIS) to $140 from $120 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the media group. Legacy media earnings could surprise to the upside to some extent, but the valuation debate will likely remain around corporate actions, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Apple in discussions to acquire U.S. rights to screen Formula 1, FT says
- Disney price target raised to $140 from $125 at Citi
- Optimistic Growth and Strategic Initiatives Reinforce Buy Rating for Walt Disney
- Apple (AAPL) Sets Sights on Formula 1 Broadcast Rights as Brad Pitt’s Movie Sparks Interest
- Epic Games Reaches a Settlement with Samsung (SSNLF) in Alternative App Store Lawsuit