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- Bank of America reiterated its Buy rating for Disney stock, and raised its price target from $115 to $135.
- Strategists pointed to Bob Iger's vision and reorganization of the company as reason for confidence.
- Management's earnings outlook also led BofA to raise its EPS estimate from $4.03 to $4.10.
Walt Disney stock has 18% upside thanks to Bob Iger's vision and strategy for the global media company, according to Bank of America.
In a Thursday note, strategists maintained their "Buy" rating for the company, and raised Disney's price objective from $115 to $135. Disney's first quarter earnings results exceeded BofA's revenue and operating income expectations, and Iger's vision and priorities were an encouraging sign.