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.