Jefferies Remains Sidelined on Disney (DIS) Following Mixed 2Q
Jefferies maintained a Hold rating and $92.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report.
Analyst John Janedis commented, "F2Q results were mixed with upside at Parks / Studio offset by weaker Media and Consumer results. With downside risk to Cable segment EBIT, tough Studio comps (F3Q should be another big qtr), and a deceleration in domestic Park EBIT growth in F17 and beyond, we maintain our Hold rating."
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Shares of Walt Disney closed at $106.60 yesterday.