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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Apple submits $150M a year bid for U.S. streaming rights for F1 races, BI says
- Apple (AAPL) Leads the Race to Acquire U.S. Formula 1 Rights with $150M Bid
- Why Trump’s Immigration Policy Is Triggering Layoffs at Amazon (AMZN)
- Moderately bullish activity in Disney with shares up 0.61%
- Salesforce (NYSE:CRM) Board Gains AI Power with Chang and Kirk Appointments