Citi Has Hold Rating On Walt Disney Co (DIS)

Citi Investment Research has a Hold rating and a $44 price target on shares of Walt Disney Co DIS. In a note to clients, Citi writes, "Hollywood Stock Exchange (HSX.com) predicts Thor will generate $216 million in U.S. box and Captain America will generate slightly more, about $234 million. We believe both estimates are about $100 million too high." Citi goes on to say, "However, even if we're right, the EPS impact stemming from lackluster Marvel results is apt to be small, a few cents per share. However, it may have a bigger impact on Disney's equity value because the bulls are looking for record EPS – of around $3.25 – in 2012. Lackluster studio performance will diminish those hopes." Shares of DIS lost 34 cents yesterday to close at $41.93, a loss of 0.8%.