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Walt Disney Rises After Being Added to BofA's 'US 1' List

Tony Owusu

rose nearly 1% to $132.91 in trading Tuesday after analysts at Bank of America Merrill Lynch added the company to their 'US 1' list while raising their price target to $168 from $144. The price target represents a potential 28% upside from the stock's closing price on Monday of $131.68. The firm said that the company's yet-to-be-launched direct-to-consumer product Disney+ could be a notable value driver of shareholder growth thanks to its high quality intellectual property and expanded library of original programming.