Reported about 24 hours ago
Walt Disney Co. is seeing its streaming service outperform traditional television, prompting analyst Hamilton Faber from Redburn Atlantic to upgrade the company's stock rating to 'buy' and increase the price target to $147. For the first time, streaming profits are helping offset declines in pay-television revenues, signaling a potential turnaround for Disney's stock performance. With strong forecasts from management, Disney shares have garnered substantial buy recommendations from analysts.
Source: YAHOO