UPDATE: J.P. Morgan Raises PT on The Walt Disney Company on Greater Confidence
In a report published Monday, J.P. Morgan analyst Alexia S. Quadrani reiterated an Overweight rating on The Walt Disney Company (NYSE: DIS), and raised the price target from $63.00 to $67.00.
In the report, Quadrani noted, “We are reiterating our Overweight rating on DIS shares and raising our year end 2013 price target to $67 from $63 with greater confidence in the future FCF generation of the company. Our earnings estimates are unchanged at EPS of $3.52 in F2013 and $4.04 in F2014, and we believe this high growth will continue in F2015 and beyond as the company achieves several milestones over the next several years that should also boost its return of cash to shareholders.”
The Walt Disney Company closed on Friday at $57.70.
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