Jefferies reiterated a Buy rating and bumped its price target on Walt Disney (NYSE: DIS) to $125.00 (from $120.00) after the company posted Q2 results well-ahead of estimates.

Analyst John Janedis commented, "F2Q EPS of $1.23 was well ahead of our $1.12 (Street: $1.11) with the upside coming from all segments, most notably the Studio. Assuming some of the beat in F2Q is offset by a tough comp in ESPN affiliate deferral revenue in F3Q, we are raising our F15 EPS by $0.07 to $5.14 and F16 by $0.05 to $5.88. We reiterate our Buy rating on DIS, as we expect continued outperformance from the co. over the next several qtrs/ yrs."

The firm lifts FY 2015 EPS from $5.07 to $5.14 and FY 2016 EPS from $5.84 to $5.88.

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Shares of Walt Disney closed at $110.81 yesterday.