Disney price target raised to $140 from $120 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Disney (DIS) to $140 from $120 and keeps an Overweight rating on the shares. Thanks to growth in its Experiences and Streaming businesses, the firm sees Disney generating “healthy” double digit adjusted EPS growth in the years ahead if the macro backdrop remains healthy, says the analyst, who lifted the firm’s adjusted EPS estimates by about 5% as the firm “largely” unwinds macro-related risk in advertising and parks.