Morgan Stanley raised its forecast for Disney as interest in the media giant's new streaming service puts it on a path for healthy profits.
as interest in the media giant's new streaming service puts it on a path for healthy long-term profit.
Disney shares rose 1.4% in premarket trading following the Morgan Stanley note. The stock is up about 24% so far this year. The platform, which was unveiled by Disney's top brass in April, should attract about 13 million subscribers at the end of fiscal 2020 and 70 million by 2024, the analyst wrote.
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