UPDATE: Walt Disney (DIS) PT Raised to $205 at Truist Securities, 'LT Thesis is Unchanged'
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Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
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Truist Securities analyst Matthew Thornton raised the price target on Walt Disney (NYSE: DIS) to $205.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "We continue to view DIS as very well positioned in global Media/Entertainment (and the shift to DTC) on account of its franchises/brands/assets (Marvel, Star Wars, Pixar, National Geographic, Disney/Disney+, ESPN/ ESPN+, Hulu/HLTV, Hotstar, others) and competencies (merchandising, advertising, M&A). Further, we continue to think Parks could recover to higher revenue and profitability (as we expect pent-up demand for higher-end family destinations, on top of new cost efficiencies likely found during the pandemic) and continue to expect Parks and Products to benefit from increased DTC content spend (more attractions and product licensing)."
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