Entertainment giant The Walt Disney Company (
) on Thursday saw two major analysts get a bit more bearish on its
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
The Bottom Line
Shares of Walt Disney (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.1 out of 5 stars.
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, as well as a detailed explanation of
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