Barclays Maintains an 'Overweight' on Walt Disney (DIS); Model Update

Barclays maintains an 'Overweight' on Walt Disney (NYSE: DIS), PT $52.

Barclays analyst says, "With Disney's F3Q11 soon coming to a close, we are fine-tuning our estimates for the quarter. Our F3Q11 EPS estimate goes to $0.73 from $0.79, driven mainly by lower Studio estimates as well as higher minority interest. After a noisy print last quarter, we wanted to highlight some of the moving parts for the upcoming F3Q. Three points: Studio Entertainment: We now look for $163 million of operating income from the Studio, versus $235 million previously; ESPN: We are maintaining our $1.56 billion operating income estimate at the Cable Networks; and Parks & Resorts: We are also maintaining our $533 million operating income estimate at the Parks."

For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.

Shares of Walt Disney closed at $38.07 yesterday.

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