Category: 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.

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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.