Multiple analysts raised their stock price targets for the Mouse House as the company traded higher on Feb. 9 after disclosing its first earnings report since Iger's return.
wrote in the headline of his post-earnings report, invoking Pixar franchisewhile maintaining his “buy” rating. “Bob Iger returned to center stage, outlining his view of creative/financial alignment, managing costs, curating content offerings and amplifying the consumer parks experience,” Morris wrote and expressed optimism about the company’s move to three reporting segments, namely Disney Entertainment, ESPN and Disney Parks, Experiences and Products .
a share, noting: “While we are encouraged by Bob Iger’s strategic vision for DIS, this is clearly the first phase in DIS’ transformation, which will require adept execution. Bob Iger has a long, strong track record which provides confidence he will manage this transition for DIS.”, while sticking to his “overweight” rating for Disney, which is one of his firm’s so-called “signature picks.” Disney’s earnings update provided “everything the bulls wanted,” he explained.
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