Rosenblatt increased the value of the company price target on Disney (DIS) from $122 to $135 and maintains a buy rating on the shares. “Building the company for growth,” as Disney’s CFO explained at a media conference last week, “appears feasible – especially given recent momentum,” the analyst tells investors in a research note. The company says this justifies a more constructive valuation policy for the shares. A rerating for Disney could be supported by increasing confidence in the sustainability of the company’s portfolio and growth trajectory, as well as fewer concerns about exposure to secular pressures on linear TV and streaming competition, the analyst says to investors in a research note.
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