Disney price target raised to $140 from $125 at Argus

Argus analyst Joseph Bonner raised the firm’s price target on Disney (DIS) to $140 from $125 and keeps a Buy rating on the shares after its shareholders voted in favor of management’s full slate of directors, bringing to an end a proxy battle with activist investor Nelson Pelz. The company remains Netflix’s (NFLX) one true competitor in long-form video streaming, and is moving briskly toward profitability in its direct-to-consumer businesses, the analyst tells investors in a research note. Disney’s international parks and cruise line have also resumed full operations after pandemic closures and are posting strong results, Argus added.