Disney gets an upgrade from Macquarie analysts based on improving U.S. consumer spending should help boost attendance at Disney parks. And new technology that Disney plans to roll out later this year should help optimize how visitors can plan their time spent in parks. That, in turn, could help increase how much visitors spend during their visits. Disney has also expanded its Hong Kong park and has a park slated to open in Shanghai in 2015.
The analysts also pointed to Disney's recent acquisitions of Marvel and LucasFilm as a means to beef up its potential for creating blockbuster films for its studio division. They also said that ESPN remains at the top of its game, providing Disney with stable, visible and high-growth revenue and earnings.
The analysts also raised their target price from $70 to $75.
http://news.yahoo.com/disney-gets-upgrade-macquarie-analysts-181426583.html