Disney parks face short-term challenges against future potential, MoffettNathanson says
** NBCUniversal's Epic Universe opening CMCSA.O to pose a headwind to this year's Walt Disney DIS.N park numbers, as do various other one-time events including hurricanes, brokerage MoffettNathanson says
** Brokerage believes DIS parks are well-positioned for long-term growth
** DIS CFO said earlier this month that co has "built some negative" into its parks forecast, reflecting the opening of Epic Universe
** ESPN's flagship direct-to-consumer streaming service, which is expected to launch in fall 2025, could be a source of incremental growth while pay TV will remain "best place" for sports fans even after its launch - brokerage
** Parks' stability and sports growth in FY26 are two other central pieces to Disney's story - brokerage
** DIS said in 2023 it would nearly double capital expenditure for its parks business to about $60 billion over the next 10 years
** Average rating of 35 brokerages covering the stock is "buy," their median PT is $125.55 - LSEG
** Up to last close, stock up ~26% this year
Reporting by Jaspreet Singh in Bengaluru
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