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Deutsche Bank Raises Price Target On Walt Disney (DIS)

April 8, 2011 11:13 AM EDT
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Price: $36.27 +0.28%

Rating Summary:
    7 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank raised their price target today on Walt Disney (NYSE: DIS) from $48 to $50, while reiterating a Buy rating. The new price target suggest 19 percent upside.

Analyst Doug Mitchelson states, "Disney has favorable dynamics such as 63% of EBIT from cable networks, limited secular growth concerns (particularly given its focus on kids & live sports), very strong competitive positions, leading global brands, strategically complete, and an excellent balance sheet and governance."

For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.

Shares of Walt Disney closed at $42.04 yesterday.


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