Analysts love Disney after earnings, say it's a great recovery play with streaming hedge

In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. July 11, 2020 is the first day of the phased reopening.
Matt Stroshane | Walt Disney World Resort | Getty Images

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Wall Street just got even more bullish on media giant Disney following its strong quarterly report that showed resilient streaming growth amid the pandemic.

RBC Capital Markets upgraded Disney to outperform from sector perform and raised its price target on Disney from $135 to $170 per share, highest on Wall Street.

Three other firms also hiked their price targets: Goldman Sachs to $156 per share, Bank of America to $166 and BMO Capital Market to $165.