Michael Morris Hollywood reports experts Michael Morris

Disney Analyst Boosts Stock Price Target by $15 on Theme Parks Outlook

Reading now: 524
hollywoodreporter.com

Guggenheim Securities analyst Michael Morris used a Wednesday report to raise his stock price target on the Walt Disney Co. by $15 to $200as he boosted his theme parks unit financial forecast "to reflect slightly accelerated recovery trajectory versus prior." Morris wrote that "our parks forecast reflects a slower revenue recovery than current consensus estimates in fiscal year 2021-2023 and stronger long-term economic potential in fiscal year 2024 and beyond." The Wall Street expert highlighted that he values the Hollywood giant's direct-to-consumer business, including the Disney+ streaming service, at $132 per share, "consistent with the current Netflix valuation," its linear media businesses at around $28 a share, "consistent with peer.

Read more on hollywoodreporter.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA