RBC Capital Stays Bullish on Walt Disney (DIS)

RBC Capital analyst Kutgun Maral reiterated an Outperform rating and $210.00 price target on Walt Disney (NYSE: DIS).

The analyst comments "We reiterate our bullish view on Disney after having attended an investor event held at Walt Disney World. We believe management showcased a very credible vision to take the broader Parks assets well beyond a recovery back to pre-pandemic levels to instead driving sustainable, long-term growth through a sharp focus on the guest experience and storytelling, ongoing innovations in technology, and plans to extend the Disney magic to new formats. Robust per cap spend trends and record revenue and operating income at the domestic parks last quarter certainly help boost confidence as well. We continue to believe that the Parks seem poised to start delivering step-function improvements across revenue and margins given improved capacity, guest management and monetization, and cost structure efficiencies. Reiterate Outperform."

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 $142.38 yesterday.

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