Disney’s Estimates Lowered at Evercore; Earnings Could Disappoint (DIS)

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Entertainment giant The Walt Disney Company ( DIS ) on Monday saw its earnings estimates reduced by analysts at Evercore Partners.

The firm said it cut its estimates for DIS through 2012, noting that cable network and movie studio growth could be lower than originally expects.

Evercore maintained its "Overweight" rating on DIS but introduced a new $42 price target, suggesting a smaller 16% upside to the stock's Friday closing price of $36.21.

Disney shares were unchanged in premarket trading Monday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.10% dividend yield, based on Friday's closing stock price of $36.21. The stock has technical support in the $32-$34 price area. If the shares can firm up, we see overhead resistance around the $38 price level.

The Walt Disney Company ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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