UBS Maintains a 'Neutral' on Walt Disney (DIS); Strong F4Q; Tweaking Estimates Higher

UBS maintains a 'Neutral' on Walt Disney (NYSE: DIS) price target of $35.00.

UBS analyst says, "DIS's F4Q results were ahead of expectations with EBIT of $2.0B (vs. our $1.8B, FC: $1.8B), a $0.07 beat. Revs of $10.4B were slightly ahead of our $10.3B (FC: $10.4B). EBIT upside was primarily driven by operating leverage at the parks/ media, where margins came in 275bps/150bps better than expected. We are raising our F1Q/ F12 EPS to $0.71/ $2.92 vs. prior $0.69/$2.74 assuming higher earnings at parks and a larger buyback, offset by lower studio and broadcast earnings."

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 $34.64 yesterday.

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