Aug. 6 at 1:46 PM
$DIS Wells Fargo analyst Steven Cahall raised the firm's price target on Disney to
$132 from
$125 and keeps an Overweight rating on the shares. The firm sees the company's print as a confidence booster, as Parks are solid and direct-to-consumer is progressing. Long-term SVOD margins remain the bull/bear, but Wells likes Disney because it's a self-help story under new management with licensing optionality.
$SPY $QQQ
