Guggenheim Securities analyst Michael Morris used a Wednesday report to raise his stock price target on the Walt Disney Co. by $15 to $200as he boosted his theme parks unit financial forecast "to reflect slightly accelerated recovery trajectory versus prior." Morris wrote that "our parks forecast reflects a slower revenue recovery than current consensus estimates in fiscal year 2021-2023 and stronger long-term economic potential in fiscal year 2024 and beyond." The Wall Street expert highlighted that he values the Hollywood giant's direct-to-consumer business, including the Disney+ streaming service, at $132 per share, "consistent with the current Netflix valuation," its linear media businesses at around $28 a share, "consistent with peer.
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