UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on The Walt Disney Company
In a report published Wednesday, Deutsche Bank reiterated its Buy rating on The Walt Disney Company (NYSE: DIS), and raised its price target from $56.00 to $58.00.
Deutsche Bank noted, “After reviewing trends our F1QE EPS of $0.77 remains unchanged (Street $0.77), and we believe Disney will report in line-to-ahead with ESPN ad sales improving later in F1Q, Park trends seemingly remaining healthy, Wreck It Ralph doing well int'l, and in particular given mgmt's early Dec positive commentary around F1Q (better ESPN ad revenue) when typically negative datapoints would be offered if the Street was too high. Perhaps more importantly, investors will turn from the challenged F1Q13 to healthy CY13 growth.”
The Walt Disney Company closed on Tuesday at $51.09.
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