Disney cast members pose in front of Cinderella Castle.

(Photo by David Roark/Walt Disney World Resort via Getty Images)

(This story is for CNBC PRO subscribers only.)

Citigroup believes investors should buy shares of Disney based on strength in the media company’s direct-to-consumer segment.

In a recent note to clients, the firm reiterated its buy rating on the stock and raised its price target to a Street high of $175, noting that the upcoming investor day should provide clarity on Disney’s continued shift to DTC.

Originally published at CNBC

Small Business Minder
error: Content is protected !!