Disney Upgraded

[Captain Crook]

Bloomberg reports:
"The Walt Disney company was rated a new "strong buy" in new coverage by analyst Paul J. Kim at Kaufman Bros. The price target is $36.00."

Do they know something we don't or is this just more general wackiness from those comic geniuses on Wall Street?

 

[Another Voice]

Those wacky analysts – always trying to get Comcast to up its bid…

 

[carterman_12]

personally, I think that they know LESS about disney than we do...I believe that they think that the 100th bday celebration is gonna wrack in billions and billions of profit...just like it did for the millinium celebration.

 

[DanG]

Kaufman Brothers initiating coverage at, or upgrading a prior recommendation to, Strong Buy does not represent a Wall Street consensus. I'll avoid a protracted discourse on the value of analyst recommendations (you never see a sell recomendation on Wall Street), but I have never heard of Kaufman and doubt that recommendation will cause a blip in the stock price.

For the record, DIS is trading currently at $26.06, .06 higher than its 52 week low, and off substantially from a 52 week high of 41.94. What's more remarkable is that the current P/E is a staggering 135, suggesting plenty of room for a downdraft on the stock price if the U.S. slips into recession. On the positive side, the average analyst rating is 2.10 out of 5 ( a generally favorable accumulate). The source for this info was the Wall Street Journal Online.

I just wanted to paint a broader picture of the stock situation.

DanG

 

[Testtrack321]

I want Disney to buy AT&T Cable. Thats because I am a AT&T Cable suscriber! Think of all the possiblities...

Less channels for more!

You get UPN, PAX, and OLN insted of DISCOVERY, MSNBC, and TLC!