Goldman Sachs Bumps Price Target and Estimates on Walt Disney (DIS) After Q1, Maintains Neutral Rating

Goldman Sachs raised estimates and its price target and Walt Disney (NYSE: DIS) from $43 to $44 following Q1 results but is keeping their Neutral rating.

The firm notes the company easily beat on the bottom line, with about $0.06 of the beat coming from lower-than-expected Cable Network costs and the other $0.04 from lower interest and taxes.

Goldman raised FY12/13/14 EPS estimates by 3%/2%/1% to $3.00/$3.41/$3.67.

Oh the quarter the firm noted: Advertising missed, cable margins flattered by timing issues, parks beat, and buybacks were light

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 $40.98 yesterday.

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