Walt Disney (DIS) PT Raised to $115 at Nomura Ahead of Q2 Results
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Nomura Securities analyst Anthony DiClemente reiterated a Buy rating and raised his price target on Walt Disney (NYSE: DIS) to $115.00 (from $110.00) ahead of Q2 results on 5/10.
DiClemente commented, "Ahead of Disney's F2Q16 earnings on 5/10, we fine tune our model to capture the impact of ongoing theatrical tailwinds, robust Orlando travel trends for domestic parks, and strong advertising momentum for broadcast TV. Overall, we increase our F2Q16 and FY16 EPS estimates to $1.40 and $5.85, from $1.39 and $5.82, respectively. As such, we also modestly raise our target price to $115 based on our unchanged CY17 P/E target multiple of 18x."
The firm raised FY16E EPS from $5.82 to $5.85 and FY17E EPS from $6.09 to $6.17.
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 $104.57 yesterday.
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