S&P CAPITAL IQ Maintains STRONG BUY Ratings on The Walt Disney Company (NYSE: DIS)

New York, August 9 (FinanceEnquiry.com) – Analyst Tuna Amobi at S&P CAPITAL IQ maintains STRONG BUY ratings on the shares of The Walt Disney Company (NYSE: DIS). The 12-month target price is set to $55.

In a research note published yesterday, the analyst mentions that the target price is based on P/E to growth and sum of the parts and yield of 1.2 percent has been noticed along with EPS estimate for FY12 for September has been raised from $2.59 to $3.12 and FY13 has been trimmed from $3.53 to $3.49 on pared share buybacks.

DIS affirmed peak FY12 capex with some ramp up on new Shanghai park set by 2015 with parks investment cycle now mostly behind. The underlying trends should support financial targets and other FY13 catalysts like TV brands- ESPN, Disney Channel, ABC, ABC Family; Marvel film/licensing- Avengers, Iron Man, Thor, Captain Planet; Pixar’s 3D re-releases- Finding Nemo, Monsters Inc, the analyst says.

Christina Mathew
Christina is a traveler and has worked and taught in various institutions. Born in Boston, she has lived in New York and Chicago. She holds 'BA in English' from the NY University and an 'MS in English Education' from Iona College. Christina is a passionate researcher and highly successful investor herself. Email: christina.mathew@financeenquiry.com Tel: (732) 452 3610

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