Walt Disney (DIS) PT Raised to $140 at RBC Capital

RBC Capital raised its price target on Walt Disney (NYSE: DIS) to $140.00 (from $135.00) while maintaining a Top Pick rating.

Analyst Steven Cahall commented, "After a nice run, and with M&A uncertainty improved, the DIS debate has turned to when and how to value DTC. The launch is late next year but with improving fundamentals and a cheap relative valuation we see investors paying it forward. Target to $140 on improved sentiment."

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