Deutsche Bank Trims Target On Disney (DIS), But Still Sees Big Upside

Deutsche Bank reiterates its Buy rating on Walt Disney (NYSE: DIS) but cut its price target from $50 to $48.

The firm comments, "Disney has favorable dynamics such as 63% of EBIT from cable networks, limited secular growth concerns (focused on kids, live sports), strong competitive positions, leading global brands, strategically complete, and excellent B/S & governance, trading at a narrower premium to the
&P500 P/E than usual. Disney rpt’d F4Q revenue $80m ahead at $10.425b
(+7.0% Y/Y vs. our 6.2%), EBIT $227m ahead at $2.113b (+23% Y/Y vs. our (+10%) and EPS $0.06 ahead at $0.59 (+31% Y/Y vs. our +18%)."

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 are up 6.5 percent to $36.91.

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