UPDATE: Morgan Stanley Reiterates On The Walt Disney Company On Positive Outlook

In a report published Tuesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on

, and raised the price target from $82.00 to $85.00. In the report, Morgan Stanley noted, “Recent Film strength will allow DIS to grow EPS 22% in FY14e, despite lower ESPN & ABC results. Looking to FY15, the 53rd week will help but difficult compares suggest growth will slow to ~10% before reaccelerating in FY16. Remain EW as valuation and estimates already reflect continued IP success.” The Walt Disney Company closed on Monday at$82.76.