Bob Iger Returns To Disney Makes Wall Street Really Really Happy
Following the shocking news Sunday night that Robert Iger had returned as Disney CEO to replace his own successor in Bob Chapek, company stock (DIS) jumped as much as 10 percent. Don’t let the park gates hit you on the way out, Chapek. The Iger resurrection was enough for research firm Moffett Nathanson to declare the “Magic Is Back.” The equity analysts upgraded shares of DIS to “outperform,” or a Buy, with a new price target of $120 (+$20 from its previous $100 PT)....