Disney: UBS raises price target to 126 dollars
(CercleFinance.com) - UBS has raised its target price for the Disney stock from 114 dollars to 126 dollars as the entertainment giant has recently benefitted from improving developments regarding the pandemic and better economic news, with its shares up an impressive 45% from the recent lows.
"With parks reopening and sports resuming, we believe the debate now shifts to how quickly profitability will improve across each of the segments," UBS analysts wrote in a note to investors.
While continuing to believe Disney is the "best positioned" media company over the long term, UBS said it remains "neutral" on the share given the near-term risks of prolonged crowd aversion in the parks and rising cord cutting.
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