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Stock impact report

Disney Just Hit Another 52-Week High: 3 Reasons It Can Keep Moving Higher [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
upgrade from Barclays . Analyst Kannan Venkateshwar raised his rating on Disney to overweight and lifted his share price target to $135. Venkateshwar anticipates positive revisions to earnings estimates and believes the company is still in the early stages of its turnaround, which comes as returned CEO Bob Iger spent much of the last year restructuring the company to better take advantage of growth in the streaming era. The upgrade, which helped push the stock to a new 52-week high, was the latest bullish signal for Disney and the stock price is now up roughly 50% from its 52-week low. However, there are several reasons to believe the stock can continue climbing from here. Let's look at three of them. 1. Disney's momentum is real It's easy to talk about a turnaround, but for many companies, they don't materialize. That's not the case for Disney as the company is delivering real results that show the business is fundamentally improving. There's no question that Disney has str Show less Read more
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