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Disney Stock Hits All-Time High as Analysts Boost Price Targets, Laud Streaming Content
Wall Street analysts on Friday raised their stock price targets for the Walt Disney Co., lauding the streaming content plans and increased subscriber goals unveiled at a Thursday investor day, and the stock hit an all-time high. However, Cowen analyst Doug Creutz, in the headline of his report, also noted that "Disney promises more of everything for direct-to-consumer, except profits." Disney shares jumped in early Friday trading and reached an all-time high of $171.
