RBC Capital Starts Walt Disney (DIS) at Sector Perform

RBC Capital analyst Kutgun Maral initiates coverage on Walt Disney (NYSE: DIS) with a Sector Perform rating and a price target of $110.00.

The analyst comments "Disney’s “all in” pivot toward DTC has provided the strategic visibility investors need to better appreciate the role (and value) media companies have in the evolving ecosystem, while its non-Pay TV assets like the theme parks and studio have seen step-function increases to their earnings profiles over the last decade. However, the ongoing pandemic poses meaningful direct headwinds (particularly impacting the parks, studio, and media networks) while we expect consumer discretionary spend to be subdued given the macro environment. We are bullish on Disney’s strategic vision, quality of assets, and execution, but remain on the sidelines until there is greater clarity on the post-coronavirus world."

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 $101.19 yesterday.

You May Also Be Interested In

• Guggenheim Starts Guidewire (GWRE) at Buy
• Guggenheim Starts Veeva Systems (VEEV) at Buy
• Guggenheim Starts Samsara Inc (IOT) at Buy