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S&P Capital IQ Reiterates its STRONG BUY Rating on Walt Disney (DIS)
February 8, 2012

NEW YORK, February 8 (FinanceEnquiry.com) - Analyst Tuna Amobi of S&P Capital IQ reiterates his STRONG BUY rating on the shares of Walt Disney (NASDAQ: DIS), while raising his estimates for the company. The target price has been raised from $45 to $48.

In a research note published this morning, the analyst mentions that after strong Dec-Q on improving park trends, DIS on call eased concerns with ESPN and ABC ads, vs. tough political comps. The analyst expects higher park margins through FY13, given two new cruise ships and more employee cost savings. Walt Disney’s Marvel segment is poised to grow consumer licensing, interactive unit aims for profit in FY13, as Disney Channel and ABC Family are solid, the analyst says. The EPS estimates for FY12 and FY13 have been raised from $2.93 to $3.09 and from $3.37 to $3.54, respectively. The company offers 1.5% yield.

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