Disney was the Dow Jones' biggest riser on Wall Street on Monday, as Barclays upgraded its recommendation on the stock.

In a research note, the research firm said it had upgraded its rating on the stock from 'in-line weighted' to 'overweight', with a price target raised from $95 to $135.

According to the analyst, it's time to take a fresh look at the stock following the latest earnings release, which showed better-than-expected cash generation and better-than-expected forecasts.

From his point of view, these figures suggest that the media group's results may have bottomed out, a dynamic that has enabled the stock to outperform the market since the start of the year, with a gain of 28% versus a 10% rise for the S&P 500 index.

The entertainment giant's shares gained 2.3% following these comments.

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