Analysts at Morgan Stanley are coming out with a bullish note on media/entertainment giant Walt Disney ( DIS ) this morning.
The broker is raising their price target for Disney shares to $44 as it believes the company can continue to deliver above-average growth. The firm currently maintains an "overweight" rating on the stock.
The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.65% dividend yield, based on last night's closing stock price of $36.33. The stock has technical support in the $32-$34 price area. If the shares can firm up, we see overhead resistance around the $38-$40 price levels.
Walt Disney is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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