Walt Disney’s Target Raised at Stifel Nicolaus after Solid Q2 Results (DIS)

By Dividend.com Staff,

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Entertainment giant The Walt Disney Company ( DIS ) on Monday caught some further positive sentiment from analysts at Stifel Nicolaus.

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 Monday.

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

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DIS

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