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Disney’s Target Raised at Morgan Stanley; ABC, Avengers Driving Growth (DIS)

By Dividend.com,  May 29, 2012, 08:37:49 AM EDT

Entertainment giant The Walt Disney Company ( DIS ) on Tuesday caught some continued bullish commentary from analysts at Morgan Stanley.

The firm maintained its "Overweight" rating on DIS and lifted its price target to $51. That new target suggests a 12% upside to the stock's Monday closing price of $44.50. Morgan Stanley noted the company is seeing better margins in its ABC TV unit, and its summer blockbuster movie The Avengers has done very well at the box office.

Disney shares, which have risen nearly 19% year-to-date, were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.35% dividend yield, based on Friday's closing stock price of $44.50. The stock has technical support in the $40-$41 price area. The shares are trading near all-time highs.

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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: DIS



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