Disney shares hit a new nine-year low last week as the company grapples with various uncertainties from leadership unknowns to a potential asset sale — all...
Yahoo Finance confirmed Peltz will seek multiple board seats, including one for himself, after his hedge fund Trian Fund Management boosted its stake in the company, which is now valued at a reported $2.5 billion for more than 30 million shares. The news was first reported by"It puts a lot of pressure ," Needham analyst Laura Martin told Yahoo Finance Live on Monday.
Martin said she's not sure if Peltz will ultimately need board seats "or just has to threaten a war" given his massive stake in the company. Macquarie analyst Tim Nollen, who has a Neutral rating on the stock and $94 price target, said Disney's future hinges on two near-term catalysts: direct-to-consumer and ESPN.
He's not alone. Bernstein analyst Laurent Yoon initiated coverage on Disney last week with an Outperform rating and $103 price target, citing bullishness surrounding Disney's DTC transition, in addition to "Nelson Peltz just wants to shake things up and move things faster. I don't know if that can be done," he continued. "It's not like Disney is being complacent by any means. It just is big and complex. And there's a lot they have to work through to get there."
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney caught by surprise by the return of activist investor Nelson Peltz: sourceDisney finds itself in the crosshairs of activist investor Nelson Peltz yet again, according to a source.
Read more »
Activist investor Nelson Peltz raises stake in DisneyTrian Fund Management — led by activist investor Nelson Peltz — raised its stake in multinational media company Disney (DIS), with reports claiming Peltz may...
Read more »
Activist Investor Nelson Peltz Seeks Board Seats at Disney - BNN BloombergActivist investor Nelson Peltz is seeking several board seats at Walt Disney Co. after boosting his stake in the entertainment conglomerate, people with knowledge of the matter said.
Read more »
Disney's future: What Nelson Peltz's investment might mean for the companyThis week Disney (DIS) was caught off guard by Nelson Peltz's decision to boost Trian Fund Management's investment in the entertainment company, though a...
Read more »
Disney will feel added pressure from Nelson Peltz's new investment: AnalystDisney CEO Bob Iger (DIS) has played his decisions on company restructuring close to his chest, much to the chagrin of investors. With Nelson Peltz's recent ...
Read more »