Stifel Nicolaus Upgrades Rating To Buy On DIS

Stifel Nicolaus has upgraded its rating from Hold to Buy and place a $50 price target on The Walt Disney Company DIS following the company's most recent quarter results. According to Stifel Nicolaus, “Disney has underperformed all large cap media names ytd (+11% vs. +23%) including a -5% pullback (vs. -2% for S&P 500) following FY2Q11 results – but we see a positive fundamental backdrop going forward.” DIS closed at $41.50 on Friday.