Disney cast members pose in front of Cinderella Castle.
(Photo by David Roark/Walt Disney World Resort via Getty Images)
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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