Post by The Ultimate Nullifier on Feb 8, 2015 20:55:56 GMT -6
variety.com/2015/biz/news/disney-shares-top-100-on-glowing-earnings-report-analyst-enthusiasm-1201423469/
Disney Shares Top $100 on Glowing Earnings Report, Analyst Enthusiasm
Disney shares shot up more than 7% in early trading Wednesday to top the $100 mark, thanks to the tailwind from Tuesday’s stellar quarterly earnings report.
The Mouse House’s strong results and 19% profit spike drew plenty of superlatives from prominent Wall Street analysts.
In a report issued Wednesday, MoffettNathanson’s Michael Nathanson raised his price target for Disney shares by $3, to $106, citing the underlying strength of ESPN, the expanding profit margins of the theme parks and the strong pipeline of “Star Wars” and Marvel franchise pics coming down the pike. And the “Frozen” juggernaut that powered 2014 earnings is still a big driver for the consumer products and home entertainment units, as evidenced by the results from Disney’s fiscal first quarter.
“Disney continues to be the only consistent earnings-beating company in media today,” Nathanson wrote.
Nomura’s Anthony DiClemente raised his price target by $5 to $110.
Disney Shares Top $100 on Glowing Earnings Report, Analyst Enthusiasm
Disney shares shot up more than 7% in early trading Wednesday to top the $100 mark, thanks to the tailwind from Tuesday’s stellar quarterly earnings report.
The Mouse House’s strong results and 19% profit spike drew plenty of superlatives from prominent Wall Street analysts.
In a report issued Wednesday, MoffettNathanson’s Michael Nathanson raised his price target for Disney shares by $3, to $106, citing the underlying strength of ESPN, the expanding profit margins of the theme parks and the strong pipeline of “Star Wars” and Marvel franchise pics coming down the pike. And the “Frozen” juggernaut that powered 2014 earnings is still a big driver for the consumer products and home entertainment units, as evidenced by the results from Disney’s fiscal first quarter.
“Disney continues to be the only consistent earnings-beating company in media today,” Nathanson wrote.
Nomura’s Anthony DiClemente raised his price target by $5 to $110.