Buy Disney stock as the company's strong asset portfolio will help support a steady push toward streaming, Raymond James says.
Disney's strong asset portfolio could aid the transition to streaming, according to Raymond James. The firm initiated coverage of Disney stock on Sunday with an outperform rating accompanied by a $97 per share price target. Raymond James' forecast implies more than 13% upside from Friday's $85.58 close. Disney stock has slipped 1.5% from the start of the year. DIS YTD mountain Disney stock has declined 1.5% from the start of 2023.
"We believe Disney's assets position it well to navigate this transition." Disney's collection of media intellectual property and assets including Marvel, Star Wars and a renowned parks segment, will underpin a shaky transition to streaming with steady revenue and free cash flow, Pretiss said..
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