JP Morgan Maintains Overweight Rating and $42 PT on Disney

A report from J.P. Morgan reiterates its Overweight rating and $42 price target on Disney DIS. The report states, “Disney reported better than expected FQ4 results with EPS of $0.58 vs. our $0.54 estimate that was in line with consensus. Upside came primarily from stronger revenues and profitability at both the Parks & Resorts and Broadcasting”. DIS closed yesterday at $34.64.