Disney price target raised to $127 from $117 at Seaport Research

Seaport Research raised the firm’s price target on Disney to $127 from $117 and keeps a Buy rating on the shares. The analyst says a “number of factors” point to Disney “turning the corner.” Investor sentiment has been improving due to the imminent profitability of the direct-to-consumer segment and Parks should continue demonstrating success with pricing offsetting labor cost increases and plateauing attendance, the analyst tells investors in a research note. Meanwhile, Disney’s theatrical releases and operating losses should bottom this year from the prior senior management strategy, then start to improve, adds Seaport.