Disney’s Price target Boosted at Morgan Stanley (DIS)

By Dividend.com Staff,

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Entertainment giant The Walt Disney Company ( DIS ) on Tuesday saw its price target raised by analysts at Morgan Stanley.

The firm said it now expects shares of DIS to reach $44, which implies a 16% upside to the stock's Monday closing price of $37.82. Morgan Stanley also maintains its "Overweight" rating on the stock, noting the company should see earnings accelerate in 2011.

Disney shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.06% dividend yield, based on last night's closing stock price of $37.82. The stock has technical support in the $34-$35 price area. If the shares can firm up, we see overhead resistance around the $40-$41 price levels.

The Walt Disney Company ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DIS

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