Janney Montgomery Scott Maintains a 'Buy' on Walt Disney (DIS); Park Resurgence and Media Offer Opportunity

Janney Montgomery Scott maintains a 'Buy' on Walt Disney (NYSE: DIS) price target of $49.00.

Analyst, Tony Wible, said, "DIS should benefit from new market opportunities tied to park expansion, new networks, new franchises, new cruise ships, new consumer concepts (e.g. digital publishing, store redesign, video games, etc.), and growing exposure to emerging economies. Capital investments are poised to improve growth and should free up cash flow as DIS completes projects and transitions to the later phase of its multi-year cap ex cycle. We also believe the company's sports programming will help isolate it from ITPV ratings risk, while parks provide valuable diversification in the face of this uncertainty."

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 $44.30 yesterday.

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