BofA raised the firm’s price target on Disney to $145 from $130 and keeps a Buy rating on the shares. The firm expects Q2 to reflect a continuation of the strong underlying momentum reported in Q1, telling investors in a research note that park performance remains robust and that the firm projects operating income to grow in the low to mid teens in Q2. CEO Bob Iger now appears to be in command and control and on a growth offensive, BofA adds.
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