Nomura Securities Maintains a 'Buy' on Walt Disney (DIS); Five Reasons To Like The Stock Here

Nomura Securities maintains a 'Buy' on Walt Disney (NYSE: DIS) price target raised from $48 to $51.

Analyst, Robert Fishman, said, "Following the strong run of DIS shares over the past month (+7% vs. -5% for the S&P since April 10th), we believe DIS assets are well positioned to grow above peer levels for the foreseeable future, which should drive further multiple expansion. We identify 5 reasons why we are still bullish. 1. Disney’s Return on Invested Capital looks set to accelerate in FY13 and beyond; 2. Additional shareholder returns likely; 3. Disney has now largely completed many of the “one-time” headwinds that have led to earnings misses over the past year; 4. Theme Park margins should expand in F2H12 and into FY13; and 5. For Cable Networks, we expect to see solid high single digit affiliate fee growth offsetting locked-in long term sports rights increases."

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 $43.81 yesterday.

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