Disney price target lowered to $130 from $139 at Loop Capital

Loop Capital analyst Alan Gould lowered the firm’s price target on Disney (DIS) to $130 from $139 and keeps a Buy rating on the shares ahead of its results. The Street is underestimating Disney’s film profits for the second half of the year by about $350M, while the more challenging Parks results should already be discounted in the stock given guidance drove a 10% share price decline on the last earnings call, and consensus has already digested Comcast’s (CMCSA) park results, the analyst tells investors in a research note.