Wunderlich Securities: Walt Disney Pans Well with Record Breaking Weekend Results
According to a research report this morning, Wunderlich Securities is cofident of studio performance for Walt Disney (NYSE: DIS) as the entertainment company brought in a record breaking sophomore weekend results of 100mm+ for the film The Avengers.
Wunderlich Securities explained, “This is after a final record tally $207.4mm debut. The 50% hold was also the best ever for a movie opening at more than $120mm in its first weekend. Other records include fastest movie to $300mm and $350mm, and top ten day gross. (It is certain to move past The Dark Knight as the fastest film to reach $400mm). The Avengers is already #18 on the all-time list domestically, with a $500mm+ domestic tally likely to make it #3 all-time.”
Walt Disney closed Friday at $45.56 as Wunderlich maintains its Hold rating and $46 PT.
Latest Ratings for DIS
|May 2016||Credit Suisse||Maintains||Outperform|
|Apr 2016||Pivotal Research||Upgrades||Hold||Buy|
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