UPDATE: UBS Upgrades Walt Disney (DIS) to Buy
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Price: $106.85 --0%
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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(Updated - April 29, 2013 10:57 AM EDT)
UBS upgraded Walt Disney (NYSE: DIS) from Neutral to Buy with a price target of $72 (from $55). Analyst John Janedis said he thinks Disney's parks are under-appreciated and is positive on the company's recent investments in Marvel and Lucasfilm. He is predicting an upward, multi-year "EPS revision cycle".
"We are raising our F13, F14 and F15 EPS to $3.50, $4.14, and $4.76 from our prior $3.40/ $3.80/ $4.22. Our est. changes incl. a $0.03/ $0.07 benefit from incr. retrans/ reverse as we now think DIS can achieve $500M/ $650M in annual fees in F14/ F15, respectively. In the parks segment, we are raising our margin targets as we believe the majority of opening/ start up costs from recent projects are behind DIS, allowing for increased rev growth to fall to the bottom line starting in C3Q13," said Janedis.
For an analyst ratings summary and ratings history on Walt Disney (NYSE: DIS) click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $61.87 yesterday.
UBS upgraded Walt Disney (NYSE: DIS) from Neutral to Buy with a price target of $72 (from $55). Analyst John Janedis said he thinks Disney's parks are under-appreciated and is positive on the company's recent investments in Marvel and Lucasfilm. He is predicting an upward, multi-year "EPS revision cycle".
"We are raising our F13, F14 and F15 EPS to $3.50, $4.14, and $4.76 from our prior $3.40/ $3.80/ $4.22. Our est. changes incl. a $0.03/ $0.07 benefit from incr. retrans/ reverse as we now think DIS can achieve $500M/ $650M in annual fees in F14/ F15, respectively. In the parks segment, we are raising our margin targets as we believe the majority of opening/ start up costs from recent projects are behind DIS, allowing for increased rev growth to fall to the bottom line starting in C3Q13," said Janedis.
For an analyst ratings summary and ratings history on Walt Disney (NYSE: DIS) click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $61.87 yesterday.
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