Walt Disney (DIS) Price Target Raised to $120 at Jefferies on Shanghai Disneyland Upside

Jefferies analyst John Janedis raised estimates and his price target on on Buy-rated Walt Disney (NYSE: DIS) to $120.00 (from $105.00) after taking a deep dive into Shanghai Disneyland.

Janedis commented, "This report takes a deep dive to estimate the potential contribution of Shanghai Disneyland to DIS over the next several years. Bottom Line: We expect attendance at the park to approach 18M and EBIT just north of $250M (consolidated) by 2021. Our over-arching thesis on DIS remains positive and we reiterate our Buy rating."

The firm raised Q1 EPS from $1.08 to $1.12, FY 2015 EPS from $4.97 to $5.07 and FY 2016 EPS from $5.72 to $5.84.

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 $108.10 yesterday.

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