Barclays Upgrades Walt Disney to Overweight, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar upgraded Walt Disney (NYSE:DIS) from Equal-Weight to Overweight and increased the price target from $95 to $135, indicating a positive outlook on the company's stock.
March 25, 2024 | 8:51 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays upgraded Walt Disney to Overweight from Equal-Weight and raised the price target to $135 from $95, showing strong confidence in the company's future performance.
The upgrade by Barclays from Equal-Weight to Overweight, along with a significant increase in the price target, suggests a bullish outlook on Disney's stock. This is likely due to positive expectations about the company's future earnings, growth prospects, or strategic initiatives. Such a strong endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100