Walt Disney Co

Walt Disney’s outlook is bright, according to analysts at Morgan Stanley who have a higher-than-average overweight rating on the stock, compared to an in-line rating for the rest of the industry

“2019 is likely a transformational year for Disney. Stepping back from the complexity, it will exit the year in a different place than it begins. Significant investments in content, theme parks, and M&A weigh on near-term earnings, but should set up the business for long-term growth,” Morgan Stanley analyst Benjamin Swinburne wrote Thursday.


Disney nears the close of its deal to buy key assets from 21st Century Fox Inc. (FOXA) and gears up to release its own direct-to-consumer streaming platform

StockMarketNews.Today – Shares of Disney have outperformed the broader market this year, up 10.2% year-to-date (YTD) compared to the S&P 500’s 4.2% return. Barclays analyst Kannan Venkateshwar forecasts the stock to jump another 9.7% over 12 months from Friday morning at $118.50, lifting his price target on Disney shares from $105 to $130 in a note to clients on Friday.