J.P. Morgan sees the strength of Disney's core studio business as indicative a strong year ahead.
in the opening weekend and J.P. Morgan sees the strength of the company's core studio business as indicative of a strong year ahead.
The firm increased its price target on Disney to $150 a share from $137 in a note titled "No Endgame in Sight for Disney's Success." The new target represents a 7% increase in the shares from Disney's Friday close. The stock is already up more than 27% this year. "The underlying business continues to perform very well with several notable catalysts ahead that we believe may continue to drive outperformance," J.P. Morgan analyst Alexia Quadrani said in a note to investors on Monday.
Quadrani said J.P. Morgan was also raising its estimates for Disney's third quarter earnings to $1.80 a share from $1.73 a shares, specifically citing "a better than anticipated performance of Avengers: Endgame." "We continue to see upside to shares even after an impressive ~20% increase since the Investor Day on April 8 given notable catalysts ahead," Quadrani said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
J.P. Morgan, Morgan Stanley see U.S. Fed may cut interest on reserves next weekThe Federal Reserve may lower the interest it pays on excess reserves banks leav...
Baca lebih lajut »
'Avengers: Endgame' could supercharge Disney shares, analyst saysDisney shares hit a record high ahead of the premiere of 'Avengers: Endgame,' which is expected to rake in nearly $300 million on opening weekend.
Baca lebih lajut »
Disney Heiress Criticizes CEO Robert Iger’s CompensationAbigail Disney, granddaughter of company co-founder Roy O. Disney, said Robert Iger’s $65 million pay package is an example of the bulk of corporate profits going to the wrong employees.
Baca lebih lajut »
Disney Heir Abigail Disney Calls CEO Bob Iger's $65 Million Pay 'Insane'Abigail Disney, an heir to the Disney entertainment empire, continues takingthe company to task for CEO Bob Iger's $65
Baca lebih lajut »
JP Morgan just promoted 117 people to Wall Street's top rank, including a record number of womenExecutives across Wall Street, from J.P. Morgan CEO Jamie Dimon to Goldman Sachs head David Solomon, have said that hiring and promoting women and minorities is a priority.
Baca lebih lajut »
JP Morgan lays out a blueprint for how this record run in the stock market will keep goingA recovery in global growth, as well as another record year for corporate buybacks should boost earnings and stock prices, according to J.P. Morgan equity strateigsts.
Baca lebih lajut »
How 'Avengers: Endgame' changes these 5 upcoming Marvel movies and TV shows'Avengers: Endgame' has a significant impact on many of Marvel's future movies and Disney Plus TV shows.
Baca lebih lajut »
‘Avengers: Endgame’ expected to dominate weekend box office and become the next catalyst for Disney’s stockThe U.S. box office is bracing for a record weekend with the release of “Avengers: Endgame” expected to chalk up $275 million in box office receipts and...
Baca lebih lajut »
'Avengers: Endgame' looks to cure box office blues with a record openingMarvel Studios and Walt Disney Co.'s 'Avengers: Endgame' could gross more than $260 million domestically and $550 million overseas.
Baca lebih lajut »
Disney heiress calls CEO Bob Iger's $65.6-million pay package 'insane'Philanthropist and documentarian Abigail Disney, Walt Disney's grandniece, sharply rebuked Iger's compensation. The company said in a statement that it has made “historic investments” to benefit employees workers.
Baca lebih lajut »