Chief executive officer and chairman of The Walt Disney Company Bob Iger walks on the floor of the New York Stock Exchange (NYSE) before ringing the opening bell, November 27, 2017 in New York City.
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Disney‘s entrance into video streaming sets it up to dominate the media industry, according to Wells Fargo.
The firm initiated coverage of the stock with an outperform rating and a $173 price target. Wells Fargo also made Disney, which currently trades around $134 per share, a Top Pick.
This article was originally published by Cnbc.com. Read the original article here.