JPMorgan analyst David Karnovsky raised the firm’s price target on Disney (DIS) to $138 from $130 and keeps an Overweight rating on the shares. The firm updated the company’s estimates ahead of the fiscal Q3 report. The analyst believes investors want to see volume and pricing led operating income increases at Disney’s direct to consumer assets and sustained growth at parks.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Disney Stock (DIS) Slips Despite The Fantastic Four: First Steps’ Box Office Win
- Walt Disney (DIS) to Invest $30 Billion in Its U.S. Theme Parks
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- Number of ‘boomerang CEOs’ reaches 10-year high, FT reports
- Will Disney Stock Rise after Its Next Earnings Report?