Disney price target raised to $120 from $115 at Barclays

Barclays analyst Kannan Venkateshwar raised the firm’s price target on Disney (DIS) to $120 from $115 and keeps an Overweight rating on the shares following the earnings beat. While macro headwinds remain a concern, Disney’s last couple of quarters and guidance for the rest of the year across segments “should provide more comfort around an operational turnaround,” the analyst tells investors in a research note.