Wunderlich: Global Macro Environment Challenging for Disney

Walt Disney Co DIS reports earnings today after the closing bell. Analysts at Wunderlich securities reiterate Disney at a Hold with a price target of $88, compared to a closing price of $91.93 yesterday.

Disney, Wunderlich’s analysts note, has the “top global portfolio of creative assets,” making it attractive. However, the analysts are concerned by Disney’s exposure to adverse macro events – which include the stronger dollar and delayed expansion of overseas parks.

Wunderlich is expecting a 5.1% increase in revenue to $12.9 billion, while EPS will be at $1.06 from $1.04 a year ago.