Microsoft, Disney Praised by Analysts; Bearish Calls on Dean Foods
In Tuesday's Analysts' Actions, analysts are applauding Microsoft (MSFT) and The Walt Disney Co. (DIS) while another firm gives Dean Foods (DF) a thumbs down. Piper Jaffray raised Microsoft's price target to $64 from $53, praising its newly-released video game 'Halo 5: Guardians.' So far, analysts say this is the most successful one compared to the other Halo versions. In its first week of sales, Halo 5 generated around $400 million, with users spending over 21 million hours playing it. Given these reasons, analysts reiterated their OVERWEIGHT rating. In another note, Credit Suisse lifted Disney's price target to $130 from $120 and kept its OUTPERFORM rating. Overall, analysts believe its Star Wars pipeline will drive earnings. The new film, 'Star Wars VII- The Force Awakens' is set to be released on December 18. The firm is bullish the movie will get positive reviews. Disney is doing well compared to its peers, analysts said. Meanwhile, the same firm issued negative comments on Dean Foods, downgrading the company to UNDERPERFORM from NEUTRAL and cut its price target to $18 from $19. Weakening consumer demand for dairy is likely to hurt the company. Given this reason, analysts are bearish for now. TheStreet's U-Jin Lee reports in New York.
