Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside.
Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside.
Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside.
As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management."
— Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.
Persons:
Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert
Organizations:
CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn
Locations:
2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's