Disney stock: Evercore ISI bullish ahead of earnings, potential cost cuts
Yahoo Finance Live’s Brian Sozzi breaks down an Evercore ISI analyst’s bullish take on Disney stock.
BRIAN SOZZI: Ahead of Disney's earnings on February 8, we have a bullish call from Evercore ISI analyst, Vijay Jayant, mostly on hopes for Bob-Iger-driven cost cuts. Says the analyst, we believe there is scope to increase operating income over the next several years by $1.8 billion between linear cost savings and studio course correction measures. This would translate into increased earnings of $0.75 a share and support a $125 share price for Disney.