What's Going On With Disney Stock Today?
Portfolio Pulse from Adam Eckert
Walt Disney Co (NYSE:DIS) shares are trading higher amid developments including a letter from Blackwells Capital to Disney shareholders, urging them to vote against Trian Partners' board nominees. Blackwells recommended its own nominees to drive growth and potentially separate Disney into three entities. Trian reaffirmed its board recommendations. Barclays analyst upgraded Disney to 'Overweight' and raised the price target from $95 to $135. Disney's average one-year price target is $122.25, with shares up 2.46% at $118.72.
March 25, 2024 | 4:04 pm
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POSITIVE IMPACT
Disney shares are experiencing an uptick following Blackwells Capital's letter against Trian Partners' nominees, its own nominee recommendations, and a Barclays upgrade from 'Equal-Weight' to 'Overweight' with a raised price target.
The positive movement in Disney's stock can be attributed to the public backing by Blackwells Capital, which could signal strong future governance and growth strategies, and the significant upgrade by Barclays. Both events likely contribute to investor optimism about Disney's future performance and governance, influencing the stock's short-term upward trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100