Update (9:44 a.m.): Updated with Thursday market open information.
NEW YORK (TheStreet) -- BMO Capital increased its target price on Walt Disney
(DIS) to $80 and raised its estimates through 2015. The firm cited the company's higher growth in advertising and movies as reason for the increase.
The stock was rising 5.89% to $75.99 shortly after the market opened on Thursday.
Must Read: Walt Disney Co (DIS): Today's Featured Media Winner
Separately, TheStreet Ratings team rates DISNEY (WALT) CO as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts