Entertainment giant The Walt Disney Company (
) on Monday caught some further positive sentiment from analysts at
The firm maintained its "Buy" rating on DIS and boosted its
price target from $47 to $50. That new target suggests a 10% upside
to the stock's Friday closing price of $45.56.
A Stifel Nicolaus analyst commented, "Last week Disney reported
FY2Q #s w/ adj. EPS at $0.58 (vs. $0.49) which exceeded our est.
and consensus (both $0.55) - 1) outperformance at Media Networks;
and 2) significant leverage at Parks were sources of upside
relative to our model. Overall we view the qtr as solid,
reaffirming our positive stance on the shares ~ near 13x forward
earnings we continue to recommend purchase of DIS."
Walt Disney shares fell 50 cents, or -1.1%, in premarket trading
The Bottom Line
Shares of Walt Disney Company (
) have a 1.32% dividend yield, based on Friday's closing stock
price of $45.56. The stock has technical support in the $40 price
area. The shares are trading at all-time highs.
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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