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Fly News Breaks for June 24, 2019
DIS
Jun 24, 2019 | 08:52 EDT
BofA/Merrill analyst Jessica Reif Ehrlich maintained a Buy rating and $168 price target on Disney shares following the a "healthy" opening weekend at the box office for "Toy Story 4," which earned $118M domestically, an almost 7% increase on the opening weekend results for "Toy Story 3." The analyst believes "Toy Story 4" could generate between $1-$1.15bn in ultimate global box office for Disney, which could produce 23c in EPS for Disney over the life of the film. She added that the film could have favorable implications as a driver for the new Disney+ service.