NEW YORK (TheStreet) --Analysts at Deutsche Bank upped their price target on the Walt Disney Co. (DIS) to $120 from $105, and raised its full year 2015 and 2016 adjusted earnings per share estimates by 24 cents and 25 cents, respectively.
Shares of Disney are lower by 0.25% to $108.33 in mid-morning trading on Tuesday.
The firm said it raised its numbers on Disney after the family entertainment and media company's better than expected second quarter earnings results were released last week.
Deutsche Bank maintained its "hold" rating on Disney stock and said it thinks the market recognizes Disney's value.
"Based on our revised forecast, we think Disney can compound ~9% annual returns on the current share price over the forecast period, versus our previous estimate of 6% when we initiated coverage in early March and the stock was 3% lower," Deutsche said in an analyst note.
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, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."