Feb. 4 at 9:18 PM
$DIS
Bank of America is confident in Disney’s pick to replace Bob Iger as CEO, dubbing it the “Best Succession Since HBO’s.”
Disney on Tuesday said that Chairman of Disney Experiences Josh D’Amaro will succeed Iger, who helmed the company for nearly two decades, effective March 18.
The Wall Street bank reiterated an overweight rating and a price target of
$150 on Disney, suggesting more than 40% upside from Tuesday’s close. Disney rose 3% in afternoon trading Wednesday.
The decision ends “a lengthy process with the outcome a best-case scenario for investors,” wrote analyst Steven Cahall, rejecting concerns that D’Amaro is not “a creative.” If anything, Cahall argued D’Amaro “understands creative culture better than his predecessor.” https://www.cnbc.com/2026/02/03/stock-market-today-live-updates.html?__source=iosappshare%7Ccom.stocktwits.StockTwits.STShareExtension
