Statement from The Walt Disney Company
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April 5, 2016 9:45 AM EDT
Nomura Securities reiterated a Buy rating and $110.00 price target on Walt Disney (NYSE: DIS) following the company's announcement that Tom Staggs, the company's Chief Operating Officer, will step down from his current position as COO, effective May 6, 2016. Nomura believes that Staggs' departure will mean very little towards Disney's near-term. While some may point to his departure as a headwind/distraction to the Shanghai park opening, we note that the completion of the Shanghai Disney Resort is nearly complete at this point. Nomura also believe Mr. Staggs'... More
April 5, 2016 9:36 AM EDT
Stifel analyst, Benjamin Mogil, sees Thomas Staggs, Chief Operating Officer of Disney (NYSE: DIS) resigning as a negative but not large enough to alter growth rates. No changes to $110 PT or Buy rating.
For an analyst ratings summary and ratings history... More
April 5, 2016 8:06 AM EDT
Needham & Company analyst, Laura Martin, thinks that Disney's (NYSE: DIS) board has created a succession crisis. For the past 6 years, DIS has been grooming Tom Staggs as the next CEO of Disney. As his star rose, DIS lost other talented senior executives... More
