Market Overview

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

Related DIS
Fast Money Halftime Report Final Trade From September 16
Netflix (NFLX) Expands Services to Six European Nations
What Apple Learned From Mickey, Minnie Mouse (Fox Business)

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
Sep 2014Morgan StanleyMaintainsEqual-weight
Aug 2014JP MorganMaintainsOverweight
Aug 2014NomuraMaintainsBuy

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)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters