- Morgan Stanley analyst Benjamin Swinburne lowered the price target on The Walt Disney Co (NYSE:DIS) to $170 from $185 and reiterated an Overweight rating on the shares. The price target implies an upside of 19.34%.
- Swinburne lowered his long-term direct-to-consumer margin expectations following the reset of his Netflix Inc (NASDAQ:NFLX) expectations.
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- Swinburne views Disney+ as both “strategically attractive and off to a strong start.”
- Swinburne is increasingly focused on long-term earnings power and earnings growth expectations after DTC turns profitable, which he forecasts will happen in FY24.
- Price Action: DIS shares traded higher by 0.18% at $142.77 in the premarket session on the last check Tuesday.
United Airlines Names Nike CFO Matthew Friend To Board of Directors
United Airlines Holdings, Inc. (UAL) announced today that Matthew Friend will join its Board of Directors. Friend, currently Executive Vice President and Chief Financial Officer of Nike, Inc., brings more than
