JPMorgan analyst Alexia Quadrani raised her price target for Disney to $160 from $150 after the company announced yesterday that Disney+ has reached over 10M subscribers after its launch yesterday in the U.S., Canada, and Netherlands. Disney closed Wednesday up 7%, or $10.14, to $148.72. On November 19, Disney+ will launch in Australia, New Zealand, and Puerto Rico, and will launch in Western Europe on March 31, 2020, Quadrani tells investors in a research note. The analyst is positive on the “early surprise announcement of strong subscriber growth.” The announcement surpassed her expectations for 5M subscribers in Q1. Quadrani now expects 15M subscribers in the quarter and bumped up her full year expectations from 15M to 25M. She has “strong conviction” that Disney shares are well positioned to continue to outperform. The analyst keeps an Overweight rating on the stock.