Goldman Sachs Boosted Price Target On Walt Disney (DIS) Ahead of Q1, But Remains On the Sidelines

Goldman Sachs lifted its price target Walt Disney (NYSE: DIS) from $38 to $43 but maintained a Neutral rating ahead of Q1 results on February 7th.

The firm noted that Orlando resort tax collections (highly correlate with Disney’s US parks revenue) are down 1.4% year-over-year, representing the first decline in 22 months. They also noted that cable advertising improved. Goldman increased their 2012 repurchase amount from $2.6 billion to $3.3 billion, which is equal to 4-5% of its current equity value but at the lower end of the peer group.

Goldman expects the company to post Q1 EPS $0.70 (up from $0.68) when they report on 2/7, which is just below the consensus of $0.71.

For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.

Shares of Walt Disney closed at $40.00 yesterday.

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