Cowen upgrades Disney to outperform from market perform.
Disney shares rose on Tuesday after a Wall Street upgrade ahead of the company's investor day later this week.
Cowen upgraded Disney to outperform from market perform and raised its 12-month price target to $131 from $102. Disney shares added about 1 percent in premarket trading Tuesday following the call. "We believe the launch of Star Wars: Galaxy's Edge at both domestic parks this summer should catalyze continued strong growth in 2H:F19 and FY20," added the analyst.
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