Walt Disney Stock Has a Lot to Prove on Thursday
Walt Disney (NYSE: DIS) shares may have crept back into the triple digits after spending nearly a month below $100, but if they're going to stay there, the media giant will need to come through with a strong financial report this week. Disney tees off on its fiscal fourth-quarter results shortly after Thursday's close.
Disney's buoyancy this week is tied to Monday's reports that CEO Bob Iger is in talks with Twenty-First Century Fox (NASDAQ: FOX) (NASDAQ: FOXA) to acquire most of its assets. CNBC is reporting that Disney initiated talks to snap up Fox's TV production business along with its 20th Century Fox movie studio and cable networks, including FX and the National Geographic Channel. The deal reportedly leaves out the Fox broadcast network, Fox News, and its sports programming business, segments that would probably be hard for regulators to clear given Disney's own dominance in those markets.
The market's clearly moving on the potential Twenty-First Century Fox grab, but a strong report could make investors feel that Disney will be just fine if the potential transaction falls through. A rough quarter out of Disney would make the asset sale a more pressing matter.
Source: Fool.com
Walt Disney Co. Stock
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As a result the target price of 117 € shows a positive potential of 23.16% compared to the current price of 95.0 € for Walt Disney Co..
