Seaport Research raised the firm’s price target on Disney to $96 from $93 and keeps a Buy rating on the shares. The firm updated its model to reflect the separation of the linear and streaming sports business, and the return of the recognition of royalty payments to the studio for its intellectual property use in consumer products. The enhanced clarity of Disney’s business models should help investors consider how to best value the sum-of-the-parts, the analyst tells investors in a research note.
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