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Disney resumed with a Buy at Citi
The Fly

Disney resumed with a Buy at Citi

Citi resumed coverage of Disney (DIS) with a Buy rating and $125 price target While consensus earnings estimates “look a touch high,” the stock’s risk/reward is attractive at prevailing levels, the analyst tells investors in a research note. At current levels, Citi sees $13 of share downside and $25 upside. The firm’s “bull case” assumes Disney’s direct-to-consumer average revenue per user exceeds forecasts, domestic cord cutting is more muted, and investors value Disney at 22-times estimated 2026 earnings. This implies an equity value of $134 per share.

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