UBS analyst John Hodulik raised the firm’s price target on Disney to $140 from $120 and keeps a Buy rating on the shares. The firm remains bullish on Disney shares and sees multiple sources of potential upside within the model that should drive earnings estimates higher over the next several quarters, yielding a 25% three-year compound annual growth rate, the analyst tells investors in a research note. The firm expects free cash flow of $9B in 2024 and $14B in 2026, supporting dividend growth, ramping buybacks, and incremental investments.
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