UPDATE: Credit Suisse Raises PT on The Walt Disney Company on Updated FY14 Estimates

In a report published Thursday, Credit Suisse analyst M. Senno reiterated an Outperform rating on The Walt Disney Company DIS, and raised the price target from $73.00 to $80.00. In the report, Credit Suisse noted, “We are updating our FY14 estimates following the release of the 10k and introducing our FY14 quarterly estimates. We maintain our Outperform rating and raise our year-end 2014 TP by $7 to $80, applying a 17x P/E forward multiple and rolling to CY15 estimates.” The Walt Disney Company closed on Wednesday at $70.52.