Disney price target raised to $141 from $125 at Wells Fargo

Wells Fargo analyst Steven Cahall raised the firm’s price target on Disney to $141 from $125 and keeps an Overweight rating on the shares following the fiscal Q1 results. CEO Bob Iger laid out a plan for cost cuts, content and streaming rationalization and ultimately improved profitability, the analyst tells investors in a research note. The firm views Disney as an execution story with a “cleaner catalyst path.” The shares should track higher on better investor confidence and higher estimates, Wells contends. It believes the results provided “everything the bulls wanted.”