Walt Disney “equal weight

Lehman Brothers

NEW YORK, March 21 (newratings.com) – Analyst Vijay Jayant of Lehman Brothers maintains his “equal weight” rating on Walt Disney Co (DIS.NYS).

In a research note published on March 18, the analyst mentions that the company’s recovery is exhibited through its record EPS levels at present. Walt Disney is expected to witness 18% EBITDA growth during FY05, driven by the robust performance of its ABC division and the double-digit gains from the company’s Theme Parks and Cable Networks segments, the analyst says. The promotion of Bob Iger to the position of CEO is likely to have removed the stock overhang and to have limited management turnover, Lehman Brothers adds.

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