UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on The Walt Disney Company
In a report published Monday, Deutsche Bank reiterated its Buy rating on The Walt Disney Company (NYSE: DIS), and raised its price target from $58.00 to $63.00.
Deutsche Bank noted, “Disney has 65% of EBIT from networks, limited secular growth concerns (focused on non-ad supported kids, live sports), very strong competitive positions, leading global brands, strategically complete, and excellent B/S & governance. We see 17% upside to our new $63 target (15x ‘14E P/E).”
The Walt Disney Company closed on Friday at $54.59.
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Tags: Deutsche Bank