Walt Disney (DIS) Investor Day 'Exceeded Expectations' - RBC

RBC Capital analyst Steven Cahall reiterated a Top Pick rating and $140.00 price target on Walt Disney (NYSE: DIS) following the company's investor day.

Cahall commented, "The Disney investor day exceeded expectations and should turn sentiment bullish. Disney+ content and ARPU are now compelling, sub GUIDANCE is significantly above expectations and DTC drags on EPS are better than feared. We think the stock can go to >$130 in short order and have increased conviction in $140 w/in 12 months."

For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.

Shares of Walt Disney closed at $120.15 yesterday.

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