Disney: UBS ups estimates and target price.

(CercleFinance.com) - On Friday UBS raised its earnings estimates and target price on Disney, saying that investors are underestimating the media and entertainment giant's theme parks growth prospects, and in particular the benefits of Shanghai Disneyland.


According to the UBS Evidence Lab, the new theme park has seen good progress through its first year and is now tracking "quite well."

"This newfound evidence increases our confidence in the near-term outlook for Disney, as well as, critically, its ability to execute with future major Parks capital projects", the broker writes in a report.

UBS - which has a "buy" rating on the shares - has raised its target price from 122 euros to 130 euros.

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