UPDATE: Walt Disney (DIS) Share Price Breaks Below Disney Plus Launch Levels, Morgan Stanley Reiterates Overweight, PT to $125

June 30, 2022 3:53 AM EDT
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Price: $123.11 -1.48%

Rating Summary:
    25 Buy, 20 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 18 | New: 52
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(Updated - June 30, 2022 6:23 AM EDT)

Morgan Stanley analyst Benjamin Swinburne lowered the price target on Walt Disney (NYSE: DIS) to $125.00 (from $170.00) noting shares are down 40% YTD, priced below the level at the time of the Disney Plus launch.

The analyst reiterated an Overweight rating, stating "we see an attractive risk/reward at current levels. Led by
its Parks & Experience segment and with the benefit of a still young streaming business scaling to profitability, we see 20-25% adjusted EPS growth over the next three years.."

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