Bob Iger's Disney Tenure Extension 'Amazing,' Says Jim Cramer — But One Analyst Tells Why Move Is 'Neutral' To Stock
Portfolio Pulse from Shanthi Rexaline
Walt Disney Co. (NYSE:DIS) has extended CEO Bob Iger's tenure until Dec. 31, 2026. KeyBanc Capital Markets analyst Brandon Nispel views this as neutral to the stock, suggesting the company hasn't found a clear successor for the CEO and CFO positions. The extension may also be related to ongoing restructuring and cost-saving initiatives. Iger returned as CEO in November 2022 after the company faced multiple challenges under his successor Bob Chapek.
July 13, 2023 | 7:18 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Disney's CEO Bob Iger's tenure extension is seen as neutral to the stock by KeyBanc analyst. The company is undergoing significant restructuring and cost-saving initiatives.
The extension of Bob Iger's tenure as CEO is seen as neutral to the stock by KeyBanc analyst, suggesting that the market has already factored in the leadership continuity. The company is also undergoing significant restructuring and cost-saving initiatives, which could have a long-term positive impact but may not significantly move the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100