Walt Disney (DIS) PT Raised to $130 at Evercore ISI

Walt Disney (DIS) PT Raised to $140 at Argus

April 10, 2024 7:19 AM EDT

Argus analyst Joseph Bonner raised the price target on Walt Disney (NYSE: DIS) to $140.00 (from $125.00) while maintaining a Buy rating.

The analyst comments "We are maintaining our BUY rating on Walt Disney Co. (NYSE: DIS) and raising our... More

What comes next for Walt Disney stock after proxy fight?

April 4, 2024 2:00 PM EDT

In the recent proxy battle between Walt Disney (NYSE: DIS) and activist investor Nelson Peltz, Peltz's Trian Fund Management launched a campaign aiming to instate Peltz and former Disney CFO Jay Rasulo on the Disney board.

However, Disney emerged victorious in the proxy battle, with the company's board nominees winning re-election and Disney's shareholders rejecting Peltz's bid for a... More

Disney to start cracking down on password-sharing from June, CEO Iger says

April 4, 2024 9:58 AM EDT

(Reuters) -Walt Disney's streaming service will start cracking down on password-sharing from June, CEO Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable.

Iger also signaled a need for consolidation in the streaming industry and said Disney was "eventually" looking at double-digit margins for the business, in a wide-ranging interview with CNBC.

Streaming rival Netflix's password-sharing crackdown had helped it add nearly 22 million subscribers in the second half of... More

Disney CEO Iger: had opportunity to describe to shareholders what our priorities are - CNBC interview

April 4, 2024 9:36 AM EDT

(Updated - April 4, 2024 9:38 AM EDT)

Disney CEO Iger: had opportunity to describe to shareholders what our priorities are - CNBC interview

We consistently heard about succession from shareholders.Proxy vote was decisive, a true endorsement of the board.

... More

Midday movers: Levi Strauss, Meta, HubSpot rise; Block falls

April 4, 2024 7:57 AM EDT

(Updated - April 4, 2024 11:41 AM EDT)

Investing.com -- Main U.S. indexes gained on Thursday, rebounding after recent losses following the release of weekly initial jobless claims data. Claims rose more than forecasters were expecting, hinting at slowing in the labor market and supporting the outlook for Fed rate cuts.

Here are some of the biggest U.S. stock movers today:

Levi Strauss (NYSE: LEVI) stock soared 15% after the retailer raised its annual profit forecast, citing recent cost savings from job cuts and less aggressive discounts on its... More

Nelson Peltz's Trian Partners made $300m on Walt Disney (DIS) investment

April 4, 2024 6:27 AM EDT

According to a report from the Wall Street Journal on Thursday, Nelson Pelt's Trian Partners made around $300 million in profit on its 16-month investment in Walt Disney (NYSE: DIS).

The activist investor was defeated in his board battle with Disney, but Peltz's firm made a significant gain on its... More

Walt Disney (DIS) 30-day option implied volatility near low end of range

April 4, 2024 5:43 AM EDT

Walt Disney (NYSE: DIS) 30-day option implied volatility is at 24; compared to its 52-week range of 20 to 38 amid Paramount (PARA) enters exclusive merger talks with Skydance, WSJ says.

... More

Powell's speech, Disney's board battle, Tesla - what's moving markets

April 4, 2024 5:22 AM EDT

Investing.com -- Wall Street looks set to rebound after three losing days for the DJIA, even after Fed chief retained a cautious stance towards future rate cuts. Walt Disney has won its battle with activists for board seats, while Tesla is reportedly looking at India for a new manufacturing plant.

1. Powell retains cautious stance

Fed Chair Jerome Powell retained a cautious stance towards future rate cuts in a speech... More

Powell's speech, Disney's board battle, Tesla - what's moving markets

April 4, 2024 5:22 AM EDT

Investing.com -- Wall Street looks set to rebound after three losing days for the DJIA, even after Fed chief retained a cautious stance towards future rate cuts. Walt Disney has won its battle with activists for board seats, while Tesla is reportedly looking at India for a new manufacturing plant.

1. Powell retains cautious stance

Fed Chair Jerome Powell retained a cautious stance towards future rate cuts in a speech... More