Morgan Stanley bets big on Disney+ subscribers, says company is 'preparing for liftoff'

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Fireworks explode over the Cinderella Castle at The Magic Kingdom, part of Disney World on January 20, 2017 in Orlando, Florida, US.

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In a crowded space for streaming, Morgan Stanley has high hopes for Disney’s new streaming service.

The firm raised its subscriber estimates from Disney+ and reiterated its overweight rating and $160 price target on the stock.

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