Disney Rides upgrade higher dinner; Streaming Details Eyed By Investing.com
© Reuters. Investing.com – Disney stock rose in midday trading after an analyst upgrade as the market looked forward to details of its streaming service on investor day Thursday.
Walt Disney (NYSE 🙂 rose 1.4% and the sector rose 0.4%.
SG Cowen upgraded the stock to outperform the market and increased its price target to $ 131 from $ 1[ads1]02, Briefing.com reported.
Cowen noted the potential for streaming service, Disney +, and the company's strong film pipeline.
"We see Disney's catalyst path for the next year as very attractive, and believe Thursday's investor day will probably be a cover-up event for emotions," Cowen says.
But there are long-term concerns about the company's Fox acquisitions it added. 19659006] Wall Street already has an understanding of the content Disney can bring to the streaming service, but will look for more details on how Disney + will work, including pricing, on Thursday
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