Stifel Reiterates Rating, Raises Price Target On Disney On Multiple Positive Factors

In a report published Friday, Stifel analyst Benjamin Mogil reiterated a Buy rating on Walt Disney Co DIS, and raised the price target from $96.00 to $110.00. In the report, Stifel noted, “We are transferring coverage of Disney (DIS) from Stifel analyst Drew Crum and establishing a Buy rating and $110 target price. Key to our view on Disney is a very strong film slate, with a halo extension to consumer products/theme parks, OTT potential through bundled offerings and compensation on the affiliate side coming from reverse retransmission, as well as traditional affiliate fees with strong digital compensation contribution.” Disney closed on Thursday at $94.35.