Evercore ISI analyst Vijay Jayant raised the firm’s price target on Disney (DIS) to $128 from $105 and keeps an Outperform rating on the shares. The firm remains “bullish” into Disney’s Q4 print, where it expects another quarter of improving DTC profitability and strength from the Studio, partially offset by “well-understood softness” at the Theme Parks and “minor drags” from the DirecTV carriage dispute, the analyst tells investors in a preview. Looking to FY25, the firm sees continued momentum at DTC, a strong theatrical slate and muted Theme Parks results that should improve throughout the year, the analyst added.
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