Walt Disney (NYSE:DIS) got an upgrade to buy from neutral from Guggenheim Partners, which believes the company's core operating results will continue to beat Street views and that Marvel and Lucasfilm's upcoming "Avengers" and "Star Wars" releases for Disney, respectively, among other assets, will keep the House of Mouse busy.
"We expect these assets will drive near-term earnings beats, but, more important, we are confident they should fuel incremental future media, parks and product opportunities," wrote Guggenheim Partners analyst Michael Morris, who gives the stock a 127 price target. ...
You don't suppose this has anything to do with Avengers raking in $200 million overseas this weekend, do you?
Or that a lot of civilians will be bugging out of work this Friday to go see the picture in the Land of the Free?
And that Star Wars: the New Entry is drumming of a tsunami of global enthusiasm?
Nah. Gotta be something else. Like maybe some technical chart on somebody's website.