Walt Disney Stock Hits 2-Year High on Upgrade

Walt Disney Co (NYSE:DIS) stock is 1.6% higher to trade at $123.61 at last check, after Jefferies upgraded it to "buy" from "hold," and hiked its price objective to $144 from $100. The firm cited two new cruise ships that may contribute over $1 billion in revenue, limited risk of a park slowdown in the second half of 2025, a solid six-month content and sports slate, and direct-to-consumer margin expansion.DIS surged to a two-year high of $124.69 right out of the gate, and is on track for its sixth-straight ...