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Fly News Breaks for April 18, 2016
DIS
Apr 18, 2016 | 06:14 EDT
Disney's The Jungle Book opened to a "massive" $103M, outperforming even the most optimistic expectations of $82M, Piper Jaffray analyst Stan Meyers tells investors in a research note. The film ranks as the second-biggest April debut ever, behind last year's Furious 7, the analyst points out. He now expects the movie to gross over $300M, well above his previous estimate of $180M. The analyst believes Disney's "robust" film slate will drive "significant value across multiple segments" and says his firm remains a buyer of the shares. He has an Overweight rating on the name with a $120 price target. Disney closed Friday down 5c to $98.58.
News For DIS From the Last 2 Days
DIS
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
DIS
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
DIS
Mar 27, 2024 | 11:36 EDT
NetEase (NTES) unveiled a new team-based shooter "Marvel Rivals," a multiplayer game based on Marvel Comics' (DIS) superhero characters. The game is being developed for PC, with an alpha test for the game set to launch in May 2024. Reference Link
DIS
Mar 27, 2024 | 08:09 EDT
The Trian Group, which beneficially owns over $3.5 billion of common stock in The Walt Disney Company, announced that Egan-Jones is the second independent proxy advisory firm, along with Institutional Shareholder Services, to recommend that shareholders vote for change in the composition of the Disney board. Specifically, Egan-Jones recommends that Disney shareholders vote "FOR" both of Trian's nominees, Nelson Peltz and Jay Rasulo, and "WITHHOLD" on Maria Elena Lagomasino and Michael B.G. Froman in connection with Disney's annual meeting on April 3, 2024. Last week, ISS recommended that shareholders vote "FOR" Mr. Peltz and "WITHHOLD" on Ms. Lagomasino. Egan-Jones concluded: "We see very little downside and a lot of upsides in putting the Trian Nominees on the Board." Among the reasons Egan-Jones cited for the need for change at Disney were: "The apparent lack of a ... long-term succession plan." "A Board that appears cutoff and unwilling to engage with investors and the broader market." "A business model, we believe to be built for the last decade, but not forward looking and flexible enough to ensure success in the next." "A desire to protect the status quo for as long as possible and at all costs." "Mediocre financial performance and the resultant lower valuation." Similarly, ISS concluded that "incremental change is needed at the company due to multi-year underperformance the company's peers and chosen benchmark, operational challenges, and most critically, a repeated failure on the part of the board to oversee the cultivation of a successor..." In supporting the election of Mr. Peltz and the withholding of support for Ms. Lagomasino, ISS wrote that: Nelson Peltz is "well positioned to provide the catalyst that this board apparently needs to improve its effectiveness."
DIS
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here