Entertainment giant The Walt Disney Company(
) on Friday saw its price target raised by analysts at Barclays
The firm boosted its target for DIS to $42 from $36. That new
target represents an expected 24% upside to the stock's Thursday
closing price of $33.91.
Barclays said the move was a valuation call, and maintained its
"Overweight" rating on DIS.
Disney shares were mostly flat in premarket trading Friday.
The Bottom Line
We had removed shares of DIS from our recommended list on Apr.27,
when the stock was trading at $37.04. The company has a 1.03%
dividend yield, based on last night's closing stock price of
$33.91. The stock has technical support in the $31-$32 price area.
If the shares can build on today's news, we see overhead resistance
around the $36-$38 price levels. We would remain on the sidelines
The Walt Disney Company(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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