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According to a research report published this morning, J.P. Morgan has increased Walt Disney's
DIS PT from $48 to $50.
In the report, J.P. Morgan commented, "We are raising estimates and reiterating our Overweight rating on Disney following another earnings beat with FQ2 operating EPS of $0.58, ahead of our $0.57 and consensus of $0.55. Upside came from the Parks where robust attendance and spending growth drove nice margin improvement, as well as at Broadcasting through ongoing cost reductions. At the Studio, losses in the quarter were at the low end of guidance while Cable and Consumer Products came mostly in line."
J.P. Morgan maintains its Overweight rating on Walt Disney, which closed yesterday at $44.30.
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