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DIS

Disney

$140.95

-0.69 (-0.49%)

06:19
06/18/19
06/18
06:19
06/18/19
06:19

Media survey shows strong interest in Disney+ subscription, says UBS

UBS analyst John Hodulik kept his Buy rating and $165 price target on Disney, saying the UBS Evidence Lab Media Consumption survey found 43% of responders expressing interest in subscribing to Disney+. The analyst notes that this rate is above the company's 20%-30% U.S. broadband household penetration estimate and implies a "strong" interest considering that Disney+ subscriptions will not open until November and marketing for the service has yet to "hit critical mass."

  • 25

    Jun

DIS Disney
$140.95

-0.69 (-0.49%)

06/13/19
MSCO
06/13/19
NO CHANGE
Target $160
MSCO
Overweight
Disney price target raised to $160 at Morgan Stanley on higher DTC forecasts
Morgan Stanley analyst Benjamin Swinburne raised his subscriber growth forecast for Disney+, Disney's upcoming direct-to-consumer streaming service, stating that he expects Disney+ to be trending towards 13M subs a year from now. Combined with Hulu and ESPN+, the company will have an OTT subscriber base of over 50M by the end of FY20 and he now forecast over 130M global OTT subscribers by FY24, Swinburne tells investors. A higher expected revenue scale for its DTC offerings, combined with an expectation for DTC profitability in FY24, leads the analyst to forecast over $11 of adjusted EPS in FY24 for Disney and prompted him to raise his price target on the stock to $160 from $135. Swinburne keeps an Overweight rating on Disney shares.
06/14/19
LOOP
06/14/19
NO CHANGE
Target $165
LOOP
Buy
Disney price target raised to $165 from $140 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Disney to $165 and kept his Buy rating, saying the company's 5% discount to premium valuation range relative to the S&P500 will be "revalued" if the company can transform itself into a Direct-to-Consumer service provider. The analyst expects Disney's success to be "initially" measured by Disney+ subscriptions and believes that its first year count will top the 10M consensus.
06/17/19
IMPC
06/17/19
DOWNGRADE
Target $147
IMPC
In-Line
Disney downgraded to In-Line from Outperform at Imperial Capital
Imperial Capital analyst David Miller downgraded Walt Disney to In-Line from Outperform with an unchanged price target of $147. The shares closed Friday down 9c to $141.65. The analyst cites valuation for the downgrade with Disney shares up 25.7% since his upgrade to Outperform on November 21, 2018. Most of the catalysts, including the release of Avenger's Endgame, the opening of the two Star Wars lands, the disposal of the regional sports networks, and the Disney streaming service analyst day, have either happened, or are set to happen, Miller tells investors in a research note. And at a "record multiple" on 2021 earnings, the catalysts "are pretty much built in to the stock," adds the analyst.
06/17/19
06/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to In-Line from Outperform at Imperial Capital wite analyst David Miller citing valuation. 2. Dow Inc. (DOW) downgraded to Market Perform from Outperform at BMO Capital with analyst John McNulty saying that while the company remains among the "diversified pure-play-commodity companies in the space" with focus on shareholder value and led by "solid" management, its 2019 is looking increasingly challenging due to persisting global trade issues and faltering macro growth. 3. Endo (ENDP) downgraded to Neutral from Buy at Citi with analyst Liav Abraham stating she "cannot ignore the headwinds" associated with the company's opioid-related litigation. 4. LyondellBasell (LYB) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter expecting shares to be range-bound through the end of 2019 amid questions into the "depth and duration" of the U.S. ethylene cycle downturn. 5. Ashford Hospitality (AHT) downgraded to Neutral from Buy at DA Davidson with analyst James Lykins noting the company's decision to halve its dividend raises a near-term uncertainty which, along with industry headwinds, warrants a move to the sidelines. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ALTR

Altair

$41.54

0.37 (0.90%)

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GS

Goldman Sachs

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Bank of America

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-0.25 (-0.85%)

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MS

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AMBA

Ambarella

$46.20

-0.06 (-0.13%)

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Ambarella put volume heavy and directionally bearish »

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SPY

SPDR S&P 500 ETF Trust

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LOGC

LogicBio Therapeutics

$12.55

0.41 (3.38%)

14:26
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14:26
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Conference/Events
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QURE

uniQure

$68.66

-1.74 (-2.47%)

14:25
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uniQure call volume above normal and directionally bullish »

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AVGO

Broadcom

$290.65

5.26 (1.84%)

, SYMC

Symantec

$21.78

-3.78 (-14.79%)

14:21
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07/15
14:21
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14:21
Periodicals
Broadcom still keen to find solution as Symantec bid stalls over price, FT says »

Broadcom's (AVGO)…

AVGO

Broadcom

$290.65

5.26 (1.84%)

SYMC

Symantec

$21.78

-3.78 (-14.79%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
07/15/19
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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14:16
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NYSE market internals summary »

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KKR

KKR

$26.49

-0.32 (-1.19%)

14:15
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KKR put volume heavy and directionally bearish »

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  • 25

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Fed funds futures are fractionally higher »

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FB

Facebook

$203.96

-0.945 (-0.46%)

, BTC

Bitcoin

$0.00

(0.00%)

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Mnuchin says Trump has cryptocurrency concerns, won't target a specific provider »

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Bitcoin

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C

Citi

$71.87

0.12 (0.17%)

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FB

Facebook

$203.77

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FB

Facebook

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BITCOIN

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

14:05
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Options
Charles Schwab call volume above normal and directionally bullish »

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  • 19

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CSGP

CoStar Group

$583.45

-3.56 (-0.61%)

14:05
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  • 23

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HTGC

Hercules Capital

$12.96

-0.02 (-0.15%)

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  • 01

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GLPG

Galapagos

$170.88

25.21 (17.31%)

13:59
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Downgrade
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LVMUY

LVMH

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  • 24

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

13:51
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Charles Schwab analyst commentary at Wells Fargo »

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  • 19

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AMC

AMC Entertainment

$9.45

(0.00%)

13:45
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Options
AMC Entertainment call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

$300.31

-0.37 (-0.12%)

, SPX

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MDCO

The Medicines Co.

$36.65

-0.03 (-0.08%)

13:35
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Medicines Company put volume heavy and directionally bearish »

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