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Upgrade Alert for Walt Disney (DIS)

By James Quinn

Walt Disney (NYSE:DIS) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $97.86 on volume of 27.2 million shares, above average daily volume of 6.7 million.

The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks.

There is potential upside of 21.4% for shares of Walt Disney based on a current price of $97.86 and an average consensus analyst price target of $118.84. The stock should run into initial resistance at its 50-day moving average (MA) of $99.50 and subsequent resistance at its 200-day MA of $104.39.

In the past 52 weeks, Walt Disney share prices have been bracketed by a low of $86.25 and a high of $122.08 and closed yesterday at $97.86, 13% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.70% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Walt Disney and will alert subscribers who have DIS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Walt Disney

Ticker(s): DIS