UPDATE: Morgan Stanley Reiterates on The Walt Disney Company as Margins Drive Upside

In a report published Thursday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on The Walt Disney Company (NYSE: DIS ), but removed the $77.00 price target. In the report, Morgan Stanley noted, “Overall DIS reported strong F1Q results, with OI nearly $300M above our forecast. The film studio