Goldman Sachs, Morgan Stanley Get Less Bullish on Walt Disney (DIS)

By
A A A
Share |

Entertainment giant The Walt Disney Company ( DIS ) on Thursday saw two major analysts get a bit more bearish on its shares.

Goldman Sachs cut its rating on DIS from "Buy" to "Neutral" while removing the stock from its prestigious "Conviction Buy" List. The firm's $35 price target suggests an 11% upside to the stock's Wednesday closing price of $31.54.

Meanwhile, analysts at Morgan Stanley cut their price target on DIS to $42, suggesting a smaller 33% upside. The firm maintained its "Overweight" rating, but noted DIS is seeing lower margins.


Walt Disney shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.27% dividend yield, based on last night's closing stock price of $31.54. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

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.

Created by Dividend.com



This article appears in: Investing , Stocks

Referenced Stocks: DIS

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

90%

Most Active by Volume

105,858,039
  • $10.50 ▲ 3.04%
105,433,684
  • $29.22 ▲ 4.62%
72,716,790
  • $16.36 ▼ 0.49%
51,381,067
  • $113.29 ▲ 0.33%
47,443,661
  • $2.39 ▲ 4.82%
45,387,229
  • $5.78 ▲ 0.87%
45,001,566
  • $105.62 ▼ 0.02%
42,379,286
  • $28.42 ▲ 2.53%
As of 8/28/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com