UPDATE: Morgan Stanley Raises Walt Disney's PT
In a research report released today, Morgan Stanley increased Walt Disney Co. (NYSE: DIS) from $44 to $46.
Morgan Stanley commented in the report, “Margin trends at the Parks were better than expected, while forward pacings were generally ahead. F1Q results increase our conviction in accelerating affiliate revenue growth at cable nets.”
Morgan Stanley maintains its Overweight rating on Walt Disney, which closed yesterday at $40.98.
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