Shares of The Walt Disney Company (DIS) continue to trade near their highest levels for the year. The worldwide entertainment company received some bullish comments from analysts at FBR Capital.
Shares of Disney have risen some 39% year to date on the back of strong momentum, which has limited the short to medium term potential to my opinion. As such FBR's upgrade might be a bit late, although I continue to like the very long term prospects of the firm.
Analysts at FBR Capital initiated their coverage on Walt Disney, starting with an "outperform" rating, accompanied with a $84 price target. This implies that shares have some 21% upside from current levels. Read more DIS.
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