Jefferies initiated coverage of Disney (DIS) with a Hold rating and $120 price target The company’s recent multi-year guidance appears priced into the shares, the analyst tells investors in a research note. The firm is most positive on Disney’s streaming business as it expects bundling, advertising, improving content, and cost cuts to improve margins from 1% to 10% by fiscal 2027. However, it is “more neutral” on the Experiences business, saying the slowdown in Parks and Epic launch create risks to Disney’s growth guide in fiscal 2025.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Disney raises FY25 dividend payout to $1.00 per share from 75c in FY24
- Disney+ (NYSE:DIS) Streaming Service Hopes to Attract More Viewers with ESPN Content
- S&P upgrades Walt Disney to ‘A’ with stable outlook
- Thanksgiving Box Office Hits Record $420M, Led by Disney’s (NYSE:DIS) “Moana 2”
- Box Office Battle: ‘Moana 2’ breaks records, wins weekend with $221M