JP Morgan Reinstates Overweight on Walt Disney, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick reinstates Walt Disney (NYSE:DIS) with an Overweight rating and raises the price target from $120 to $140.
April 11, 2024 | 12:06 pm
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POSITIVE IMPACT
JP Morgan analyst Philip Cusick upgrades Walt Disney to Overweight and increases the price target to $140.
The upgrade to Overweight by a major financial institution like JP Morgan, accompanied by a significant raise in the price target, is a strong positive signal to the market. This could lead to increased investor confidence in Walt Disney, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100