Stifel Reiterates a Buy Rating on Disney (DIS) Ahead of 3Q15 Results

Stifel reiterates a Buy rating and $120.00 price target on Walt Disney (NYSE: DIS) ahead of 3Q15 results. Analyst Benjamin Mogil is updating estimates for revenue and EPS to $13.2bn and $1.44 respectively. DIS is scheduled to release its earnings report on August 4th after market closes.

Mogil commented, "We are updating our estimates for Disney ahead of 3Q15 earnings. Disney reports 3Q15 earnings after market close on August 4th with a webcast scheduled for 5:00PM ET (Webcast: www.disney.com/investors ). We are estimating Revenue/EBIT/EPS of $13.2bn/$4,084mn/$1.44 compared to consensus at $13.2bn/$4,117mn/$1.42. Exhibit 1 details our estimates as compared to consensus by operating segment."

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 $116.44 yesterday.

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