Entertainment giant The Walt Disney Company (
) on Monday saw its rating and price target boosted by analysts at
The firm said it upgraded DIS from "Hold" to "Buy" with a new
$50 price target. That target suggests a more than 20% upside to
the stock's Friday closing price of $41.50.
Earlier this month,
Disney posted smaller-than-expected fiscal second quarter
, hurt by the weak box office performance of one of its animated
Walt Disney shares fell 17 cents, or -0.4%, in premarket trading
The Bottom Line
Shares of Walt Disney (
) have a .96% dividend yield, based on Friday's closing stock price
of $41.50. The stock has technical support in the $38-$40 price
area. The stock is trading near all-time highs of $44 a share.
The Walt Disney Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
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