NEW YORK (TheStreet) -- Disney (DIS - Get Report) stock was upgraded to "overweight" from "neutral" at Piper Jaffray on Thursday. The firm raised its price target on the stock to $120 from $105.
Despite lackluster growth at ESPN, the entertainment company's upcoming film slate will drive significant value during the next five years, the firm said.
Studio revenue is expected to reach a 12.6% compound annual growth rate during the next three years. Continue Reading...