BUZZ-Street View: Analysts see improving trajectory for Disney even as international visits soften

Reuters
Feb 03
BUZZ-Street View: Analysts see improving trajectory for Disney even as international visits soften

** Walt Disney's DIS.N theme parks and the movie "Zootopia 2" helped the company beat revenue and earnings estimates for the holiday quarter ended in December** However, co said there were "headwinds" among international visitors without giving a reason at a time when foreign travel to the U.S. has been waning

** Median PT of 33 brokerages covering the stock is $133 - LSEG data

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** Barclays ("overweight," PT: $140) says "Disney's long-term story in some ways is easier to get behind than the tactical path over the next few quarters, especially because of growth mix in parks"

** J.P.Morgan ("overweight," PT: $138) expects sentiment to firm up on recognition that DIS is delivering on its core growth areas of streaming and parks, with trends that should accelerate on content rollouts and as current headwinds (international visitation, Epic competition) are lapped** Morgan Stanley ("overweight," PT: $135) views Disney's core streaming and parks trends as healthy and poised for 2H acceleration

** Jefferies ("buy," PT: $132) says ongoing leadership uncertainty could remain an overhang for the stock until CEO transition is finalized

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))

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