Evercore ISI analyst Vijay Jayant raised the firm’s price target on Disney to $115 from $100 and keeps an Outperform rating on the shares. Early indications of Disney’s next era suggest the company is “on a credible path to return as an earnings compounder with sustainably robust free cash flow,” the analyst tells investors in a post-earnings note. Following last night’s report and guidance, the firm raised its FY24 adjusted EPS forecast to $4.73 from $4.20 and its FY25 view to $5.48 from $4.96.
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