UPDATE: Credit Suisse Raises PT to $56 on The Walt Disney Company on Q3 Upside

Credit Suisse maintained its Outperform rating on The Walt Disney Company DIS and raised its price target from $50 to $56. Credit Suisse said, "We are raising our FY12 EPS estimate by 3% from $3.01 to $3.10 to reflect the upside in FY3Q12. With a higher base of studio earnings, we are also raising our FY13 EPS estimate by 1.5% to $3.55 from $3.50. Our FY14 EPS estimate is lowered to $3.90 from $3.97." The Walt Disney Company closed at $49.81 on Tuesday.