BMO Capital Markets upgraded Walt Disney Company stock Wednesday as the media content giant looks to open two Star Wars-theme park attractions, launch its own streaming service and possibly restart its buyback program.
BMO also raised in price target on Disney shares to $140 from $114, a 22% increase that implies about 20% upside from Tuesday's close. Disney+ will including new, original shows and movies, including original Marvel and"Star Wars" series. It will also feature content from Disney's computer animation film studio, Pixar. Its venture into the world of streaming has fueled competition across Wall Street with the likes of Netflix, Amazon and Hulu, all of which have jockeyed for market share and better original content.
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