Morgan Stanley Maintains Overweight on Walt Disney, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Overweight rating on Walt Disney (NYSE:DIS) but lowered the price target from $110 to $105.
July 26, 2023 | 3:29 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on Walt Disney but lowered the price target from $110 to $105.
The news is directly about Walt Disney. The Overweight rating suggests that Morgan Stanley expects Disney's stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100