Disney price target raised to $122 from $110 at Macquarie

Macquarie analyst Tim Nollen raised the firm’s price target on Disney to $122 from $110 and keeps an Outperform rating on the shares as part of the firm’s Q4 media networks preview. Fiscal Q2, as CEO Bob Iger’s first earnings in his return, "will be an important report," with an update on improvements in direct-to-consumer losses top of mind, the firm said.