Disney Stock Rises on Upbeat View of Streaming and Parks Momentum
• Disney (DIS) shares rose over 2% following upgrade to Overweight rating and $135 price target by Barclays
• Analyst sees "tactical tailwinds" helping momentum like Hollywood strikes, Hulu consolidation, cost cuts
• Stock up over 30% year-to-date on optimism around streaming and parks turnaround plans
• Bull case sees streaming profitability sooner than 2024 guidance and margins potentially better than Netflix's
• Bear case calls out declining linear TV viewers and revenue amid increased cord cutting if streaming growth slows