Here’s How Morgan Stanley Views Disney

By Benzinga
February 9, 2022 Updated: February 9, 2022

Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co. to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34 percent.

Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc. expectations.

Swinburne views Disney+ as both “strategically attractive and off to a strong start.”

Swinburne is increasingly focused on long-term earnings power and earnings growth expectations after DTC turns profitable, which he forecasts will happen in FY24.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.