Tags: US | Disney | Analyst | Note

Analyst: 'Toy Story 3' to Boost Disney Stock

Thursday, 17 Jun 2010 04:01 PM

 

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Woody and Buzz Lightyear are returning to the big screen this weekend, this time in 3-D. How well the new "Toy Story 3" movie opens could swing Disney Inc.'s shares, wrote an analyst Thursday.

Caris & Co. analyst David Miller said in a research note that he believes Disney shares will rise if opening weekend box office revenue tops $100 million. He expects shares to fall if this weekend's box office take comes in below $80 million.

Disney's stock rose 16 cents to $34.95 in afternoon trading.

Miller rates the stock "Above Average" and has a $39 price target on Disney's shares.

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