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B. Riley Caris Upgrades Disney to “Buy” (DIS)
Posted By Michael Flannelly On January 23, 2013 @ 9:35 am In Dividend Stocks | Comments Disabled
The Walt Disney Company (DIS) saw its rating increased by analysts at B. Riley Caris on Wednesday.
The analysts sees Disney benefiting from higher theme park margins, improved performance at ESPN, and a strong film slate for the year. Because of this Disney was upgraded from “Neutral” to “Buy” with a $63 price target. This target suggests a +19% upside to Tuesday’s closing price of $52.73.
Disney shares were up slightly during pre-market trading on Wednesday. The stock is up +34.14% over the past year.
The Bottom Line
Shares of Walt Disney (DIS) have a 1.42% dividend yield, based on last night’s closing stock price of $52.73. The stock has technical support in the $48 price area. The shares are trading near all-time highs.
The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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