Disney price target raised to $140 from $130 at MoffettNathanson

MoffettNathanson analyst Michael Nathanson raised the firm’s price target on Disney (DIS) to $140 from $130 and keeps a Buy rating on the shares. The firm believes attendance at Disney parks remains largely unaffected by the Epic Universe open. Citing wait time data and a firsthand visit, the analyst believes Epic needs to improve crowd control and expand its capacity to deliver a better guest experience. Regarding Disney’s direct-to-consumer offerings, MoffettNathanson thinks the Hulu arbitration resolution should “finally allow” Disney to take the next step to deliver more engagement, increased synergies, and faster margin expansion.