1 Wall Street Firm Raises Disney's Price Target Almost 25%: Here's Why It's Right.

Walt Disney (DIS -2.49%) shares have been on a roll. The stock is higher by 25% year to date. This week, analysts at Morgan Stanley said they still believe the stock is a buy and boosted the firm's price target on Disney.The new target of $135 per share is a raise of 23% from the previous target and would represent a gain of 20% from Disney's recent stock price. The analysts highlighted several things that show the momentum in Disney shares should continue.Positive business developmentsDisney has made sever ...