Rosenblatt raised the firm’s price target on Disney to $137 from $129 and keeps a Buy rating on the shares. The higher target reflects Disney’s commentary that free cash flow is pacing to “exceed” guidance for more than $8B and that domestic plus international parks operating income is trending up at a low to mid teens year-over-year percent, the analyst tells investors in a research note. The firm expects the company to win its proxy battle against Nelson Peltz and Trian.
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