From Financial Modeling Prep: 2024-09-30 12:27:00

Seaport Global Securities analysts upgraded Walt Disney (NYSE:DIS) to Buy from Neutral, with a price target of $108 on the stock. The shift in outlook was due to improved macroeconomic conditions and better company prospects. Previous concerns about flat attendance at Parks and declining operating income have been alleviated.

Despite previous downgrades, analysts now see a brighter future for Disney. Market sentiment is more accepting of Parks demand and DTC business, showing signs of emerging profitability. While Parks data remains weak, analysts believe it is a temporary issue. Recent price hikes and paid-sharing initiatives for DTC could drive growth in ARPU and subscriber numbers.



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