Walt Disney (DIS) PT Raised to $135 at Morgan Stanley, 'Realistic Optimism'

Morgan Stanley analyst Benjamin Swinburne raised the price target on Walt Disney (NYSE: DIS) to $135.00 (from $110.00) while maintaining a Overweight rating.

The analyst comments "We raise estimates and our PT to reflect a more rapid and confident path to streaming profits in the quarters and years ahead. By the end of FY24, the two most impactful businesses to DIS shares should be inflecting - with streaming turning profitable and Parks growth accelerating."

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