Price target: $170
Rating: Outperform
"We are eager to see if management will share an early read on Disney+ subscribers based on pre-sales, or wait for post-launch for the first figure," BMO Capital Markets analyst Daniel Salmon wrote in note to clients Wednesday.
Salmon continued: "Disney is our only Outperform-rated stock in the Entertainment group and notwithstanding last quarter's bumps, we believe the stock can work through yearend, with visible catalysts including the launch of Disney+ on November 12."