Wells Fargo Starts Walt Disney (DIS) at Market Perform; Premium Company At A Premium Valuation
Tweet
Share
E-mailGet Alerts DIS Hot Sheet
Price: $106.85 --0%
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
Join SI Premium – FREE
Wells Fargo initiates coverage on Walt Disney (NYSE: DIS) with a Market Perform. PT range $41-$43.
Wells analyst says, "We believe Disney is a well-run company with a management team that has employed the right long-term strategy of investing for growth, while maintaining price and returning free cash flow to shareholders. For this reason, we think Disney should trade at a premium, and it does...However, sentiment has been very positive on this stock, which has significantly outperformed the S&P 500, with DIS up 36% versus the S&P 500 up 20% since October 3, 2011. Furthermore, most of the positives we cite are long-term in nature. After the significant pop in the stock, coupled with little potential upside to near-term estimates, we view DIS's risk/reward proposition as less compelling at current levels."
"We also introduced our FY2012 and FY2013 EPS estimates of $2.90 and $3.32, versus the consensus of $2.91 and $3.33, respectively."
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 $38.99 yesterday.
Wells analyst says, "We believe Disney is a well-run company with a management team that has employed the right long-term strategy of investing for growth, while maintaining price and returning free cash flow to shareholders. For this reason, we think Disney should trade at a premium, and it does...However, sentiment has been very positive on this stock, which has significantly outperformed the S&P 500, with DIS up 36% versus the S&P 500 up 20% since October 3, 2011. Furthermore, most of the positives we cite are long-term in nature. After the significant pop in the stock, coupled with little potential upside to near-term estimates, we view DIS's risk/reward proposition as less compelling at current levels."
"We also introduced our FY2012 and FY2013 EPS estimates of $2.90 and $3.32, versus the consensus of $2.91 and $3.33, respectively."
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 $38.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Resumes Global Net Lease (GNL), Upgrades to Outperform
- BTIG Starts ADT (ADT) at Neutral
- Wells Fargo Upgrades Okta, Inc (OKTA) to Overweight
Create E-mail Alert Related Categories
New CoverageRelated Entities
Standard & Poor's, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
