Disney’s Target, Estimates Boosted at Goldman Sachs (DIS)

By Dividend.com Staff,

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Entertainment giant The Walt Disney Company ( DIS ) on Monday caught some positive commentary from analysts at Goldman Sachs.

The firm maintained its "Neutral" rating on DIS but lifted its price target to $43. That new target suggests a nearly 8% upside to the stock's Friday closing price of $39.95.

Goldman Sachs also boosted its earnings estimates for the company, citing its accelerated share buyback program.

Walt Disney shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.50% dividend yield, based on Friday's closing stock price of $40.00. The stock has technical support in the $36-$38 price area. The stock is trading near all-time highs of $42-$44 a share.

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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