Disney: Credit Suisse upgrades stock
(CercleFinance.com) - As the biggest faller in the Dow Jones on Wednesday, yesterday the Disney stock was one of the best performers on Wall Street (+2.
25% at 137.89 dollars), thanks to an upgrade by analysts at Credit Suisse.
In a note sent to clients, the broker said that it has upgraded its rating on the share from "neutral" to "outperform," having raised its price target from 130 dollars to 150 dollars.
The broker expects investors to become increasingly optimistic ahead of the official launch of the "Disney+" streaming service, which is scheduled for November.
Finally, Credit Suisse anticipates a series of successful film releases in the coming months, including the release of the ninth edition of "Star Wars" and "The Snow Queen 2".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
25% at 137.89 dollars), thanks to an upgrade by analysts at Credit Suisse.
In a note sent to clients, the broker said that it has upgraded its rating on the share from "neutral" to "outperform," having raised its price target from 130 dollars to 150 dollars.
The broker expects investors to become increasingly optimistic ahead of the official launch of the "Disney+" streaming service, which is scheduled for November.
Finally, Credit Suisse anticipates a series of successful film releases in the coming months, including the release of the ninth edition of "Star Wars" and "The Snow Queen 2".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.