Disney Upgraded to 'Buy' Amidst Quarter Earnings Beat
Walt Disney (NYSE:DIS) has been upgraded to 'buy' by Wall Street Zen, following a series of positive reports from other analysts. The upgrade comes after JPMorgan Chase & Co. increased its target price on shares of Walt Disney from $139.00 to $140.00 and gave the company an 'overweight' rating.
Other analysts have also expressed optimism about Disney's future prospects, with Guggenheim reiterating a 'buy' rating and issuing a $120.00 price target. Needham & Company LLC has reaffirmed a 'buy' rating and set a $125.00 price objective on shares of Walt Disney.
Disney's stock has been performing well in recent months, with the company's quarterly revenue up 6.8% year-over-year to $25.25 billion. The firm reported earnings per share of $2.06 for the quarter, exceeding analyst estimates by $0.20.