Walt Disney Upgraded to “Buy” at Stifel Nicolaus (DIS)

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Entertainment giant The Walt Disney Company ( DIS ) on Monday saw its rating and price target boosted by analysts at Stifel Nicolaus.

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 earnings , hurt by the weak box office performance of one of its animated children's movies.

Walt Disney shares fell 17 cents, or -0.4%, in premarket trading Monday.

The Bottom Line
Shares of Walt Disney ( DIS ) 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 ( DIS ) 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 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.

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