Market Overview

UPDATE: Miller Tabak Raises Short-Term PT to $53 on The Walt Disney Company on Better Margin Expectations

Share:
Related DIS
How Social Data Predicted This Week's Chewbacca-Fueled Run Up In Hasbro's Share Price
The Market In 5 Minutes: Happy Memorial Day Weekend
A Historic Race - Investors Focusing On Dividends May Run Out Of Fuel (Seeking Alpha)

Miller Tabak reiterates its Buy rating on The Walt Disney Company (NYSE: DIS) and raises its short-term price target from $48 to $53.

Miller Tabak says, "Catalysts: 1) Today, Disneyland's California Adventure theme park opens four new attractions: Cars Land (a 12-acre park expansion) with three new attractions, themed dining and shopping; Mad T Party in Hollywood Land; a new Buena Vista Street entrance to the park; and the Cathay Circle Theater (including a lounge and premiere dining). On top of +7% attendance growth and +5% per-cap spending growth in F2Q12, we believe this park expansion should continue to drive at least +4% attendance and per-cap spending growth at DisneyLand in 3Q & 4Q12 (which may prove to be conservative; we are expecting +2% increases at Walt Disney World)."

DIS closed at $47.18 on Thursday.

Latest Ratings for DIS

DateFirmActionFromTo
May 2016Credit SuisseMaintainsOutperform
Apr 2016NomuraMaintainsBuy
Apr 2016Pivotal ResearchUpgradesHoldBuy

View More Analyst Ratings for DIS
View the Latest Analyst Ratings

Posted-In: Miller TabakAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (DIS)

View Comments and Join the Discussion!