Credit Suisse Sticks to Their Buy Rating for Walt Disney (DIS)

In a report released yesterday, Douglas Mitchelson from Credit Suisse maintained a Buy rating on Walt Disney (DISResearch Report). The company’s shares closed last Tuesday at $126.65.

According to TipRanks.com, Mitchelson is a 5-star analyst with an average return of 14.5% and a 62.7% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Dish Network, and Altice Usa.

Currently, the analyst consensus on Walt Disney is a Moderate Buy with an average price target of $133.63, which is a 6.7% upside from current levels. In a report issued on September 8, Deutsche Bank also upgraded the stock to Buy with a $163.00 price target.

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The company has a one-year high of $153.41 and a one-year low of $79.07. Currently, Walt Disney has an average volume of 11.07M.

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The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks, Experiences and Products segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The DTCI segment licenses the company’s trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.