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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's How Morgan Stanley Views Disney

DIS Morgan Stanley Benjamin Swinburne Disney+ DTC Netflix NYSE Walt Disney Co
  • Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co (NYSE:DIS) to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34%.
  • Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc (NASDAQ:NFLX) expectations.
  • Related Content: Here Are Two IT Stocks That Morgan Stanley Upgraded Today
  • Swinburne views Disney+ as both "strategically attractive and off to a strong start." 
  • Swinburne is increasingly focused on long-term earnings power and earnings growth expectations after DTC turns profitable, which he forecasts will happen in FY24.
  • Price Action: DIS shares traded higher by 0.18% at $142.77 in the premarket session on the last check Tuesday.
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