Buy Disney after huge opening for 'Rogue One,' top media analyst says

The premiere of Walt Disney Pictures and Lucasfilms' 'Rogue One: A Star Wars Story' at the Pantages Theatre on December 10, 2016 in Hollywood, California.
Barry King | Getty Images

Investors should buy Disney on the potential for better financial results from its movie slate and theme parks, according to Bank of America Merrill Lynch's Jessica Reif Cohen. The firm reiterated its buy rating and added the media company to its "US 1 stocks" list.

"We believe DIS offers an increasingly solid catalyst pipeline for upside potential in FY17/FY18E," wrote Reif Cohen, a perennial selection on Institutional Investor's annual best analysts list.

"As a leading diversified media and entertainment company with global branded family entertainment clout, we believe DIS shares are well positioned for outperformance."