NEW YORK (TheStreet) -- Shares of The Walt Disney Co. (DIS) - Get Report are climbing by 1.03% to $100.52 on Wednesday morning, as Deutsche Bank increased its price target to $115 from $113 and maintained its "hold" rating on the stock.
"We are publishing our updated forecast following F2Q results," Deutsche Bank analysts said in an investor note.
On May 10, Disney reported 2016 second quarter earnings of $1.36 per share, below analysts' expectations of earnings of $1.40 per share. The Burbank, CA-based media and entertainment giant reported revenue of $12.97 billion, up from the previous year's second quarter revenue of $12.46 billion. Second quarter revenue missed Wall Street estimates of $13.19 billion.
In addition, Disney will be opening a new resort and theme park in Shanghai on June 16. However, the company will be competing in that region with rival Dalian Wanda Group, which says it is opening as many as 20 theme parks in Shanghai.
Billionaire Wang Jianlin, and owner of the rival entertainment company, said Disney is no match against Dalian Wanda in the fight to dominate China's $610 billion tourism industry.
Separately, TheStreet Ratings rated The Walt Disney Co. as a "buy" with a score of A-.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon.
Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that are rated.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations.
TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: DIS