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Disney Stock Rises On Theme-Park Optimism, Bank Of America Target Price Hike

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16.06.2020 - 01:11

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Dade Hayes Finance EditorDisney shares ended Monday’s trading session 1% higher after a big turnaround sparked by a bullish report by a Bank of America analyst.Jessica Reif Ehlrich reaffirmed her “buy” rating on Disney shares, writing in a note to clients that she titled “Revisiting the Happiest Place on Earth.” The COVID-19-addled media giant has “best-in-class assets with an attractive risk/reward profile,” Ehrlich wrote, boosting her price target by 26% to $146.After sinking below $112 soon after markets opened Monday, Disney stock finished at $117.08 and continued to climb in after-hours trading.Disney on Sunday delivered some welcome news for investors, announcing that its Hong Kong theme park will reopen Friday, with limits and.

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