Walt Disney’s Target, Estimates Boosted at Credit Suisse (DIS)


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Entertainment giant The Walt Disney Company ( DIS ) on Wednesday caught some bullish commentary from analysts at Credit Suisse.

The firm maintained its "Outperform" rating on DIS and lifted its price target to $50. That new target suggests a 13% upside tot he stock's Tuesday closing price of $44.30.

Credit Suisse also raised its earnings estimates for the company, citing higher growth in cable, parks and broadcasting revenue.

Disney shares posted small losses in premarket trading Wednesday.

The Bottom Line
Shares of Walt Disney Company ( DIS ) have a 1.35% dividend yield, based on last night's closing stock price of $44.30. The stock has technical support in the $40 price area. The shares are trading at all-time highs.

The Walt Disney Company ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 Nasdaq, Inc.

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