Disney price target raised to $128 from $112 at Raymond James

Raymond James raised the firm’s price target on Disney to $128 from $112 and keeps an Outperform rating on the shares. The firm sees better Q2 operating income growth in the domestic and international parks business that CEO Bob Iger said recently should see combined OI growth of low- to mid-teens, suggesting low-teens growth in the Experiences business as a whole, the analyst tells investors in a research note.