Walt Disney Co.’s stock DIS, +6.91% rose 6.9% in Thursday trading to record its best day in nearly three years.
“Our key takeaway from the report and call is the same as last quarter, which is that DIS is making progress against management’s lengthy to-do list,” Goldman Sachs analyst Brett Feldman wrote in a note to clients. “The most notable area of traction, in our view, is against DIS’s cost savings initiatives.”
Opinion: Disney CEO Bob Iger is getting his hands dirty as he focuses on studio woes — will be it enough?
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