March 30, 2012 at 08:53 AM EDT
Lazard Capital Upgrades Walt Disney to “Buy” (DIS)

Entertainment giant The Walt Disney Company (DIS) on Friday caught a big upgrade from analysts at Lazard Capital.

The firm said it lifted its rating on DIS from “Neutral” to “Buy,” joining a host of Wall Street analysts who are bullish on the stock. Recently, Nomura maintained its own “Buy” rating on DIS despite a costly movie flop, and just last month, Goldman Sachs upgraded the stock to its “Conviction Buy” List.

Walt Disney shares, which have jumped more than 14% year-to-date, rose 29 cents, or +0.9%, in premarket trading Friday.

The Bottom Line
Shares of Walt Disney (DIS) have a 1.40% dividend yield, based on last night’s closing stock price of $43.01. The stock has technical support in the $36-$38 price area. The stock is trading near all-time highs of $42-$44 a share.

The Walt Disney Company (DIS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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