Disney Analysts Praise Cost-Cutting Measures: 'Calls To Break Up Company Will Ease'
Portfolio Pulse from Chris Katje
Disney (NYSE:DIS) reported Q4 financial results, with analysts praising the company's cost-cutting measures and potential for growth. Analysts from Raymond James, Rosenblatt, Morgan Stanley, Needham, Bank of America, and Goldman Sachs provided their insights, with most maintaining a positive outlook for the company. The company's direct-to-consumer segment, Disney+, saw good additions and improved operating losses. The potential return of Disney's dividend and share buybacks were also highlighted. Disney shares are up 7% to $90.79 on Thursday.
November 09, 2023 | 6:19 pm
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POSITIVE IMPACT
Disney's Q4 results and cost-cutting measures were well-received by analysts, with potential growth in the Disney+ segment and the possible return of dividends and share buybacks. The company's shares are up 7%.
Analysts have praised Disney's Q4 results and cost-cutting measures, indicating a positive outlook for the company. The growth in the Disney+ segment and the potential return of dividends and share buybacks are likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100