Posted 3/25/2024, 8:05:10 PM
Disney Stock Rises as Peltz Gains Support in Final Week of Proxy Battle for Board Seats
- Nelson Peltz of Trian Group has gained additional supporters in his proxy fight for Disney board seats against Disney's wishes
- Disney stock was up nearly 3% on Monday as investors seem reinvigorated by the proxy battle
- This is the final week before the shareholder vote on board seats takes place
- Analyst Kannan Venkateshwar upgraded Disney from Equal Weight to Overweight with a price target increase from $95 to $135
- Wall Street analysts have a Strong Buy consensus on Disney stock, with an average price target of $121 implying upside potential of almost 2%