Deutsche Bank Maintains a 'Buy' on Walt Disney (DIS); Q2 Preview

Deutsche Bank maintains a 'Buy' on Walt Disney (NYSE: DIS) price target raised from $48 to $53.

Analyst, Doug Mitchelson, said, "Disney has favorable dynamics such as 59% of EBIT from cable networks, limited secular growth concerns (focused on kids, live sports, LT deals), strong competitive positions, leading global brands, strategically complete, and excellent B/S & governance, trading at a narrower premium to the S&P500 P/E than usual (DIS at 12.8x ‘13E)."

Deutsche Bank sees Q2 revenues of $9.700b, EBIT +3.3% Y/Y to $1.832b and EPS +10% Y/Y to $0.54 (consensus $0.55)

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 $43.08 yesterday.

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