Disney (DIS) has received a price target upgrade from Morgan Stanley. The firm raised its price target for the entertainment giant from $110 to $135 per share, reflecting a bullish outlook on the company's future prospects. This lift was fueled by promising signs in Disney's streaming endeavors and anticipated growth in its theme park revenues. Yahoo Finance's Madison Mills shares the latest developments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
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Blackwells, one of the two activist shareholders seeking Disney board seats, said last week the company needed to come up with an artificial intelligence (AI) strategy, and that such a move could offer a strong boost its stock. Disney, shares of which were up 1.3% in premarket trading after the news, did not immediately respond to a request for comment. Nelson Peltz's Trian Fund Management is also campaigning for two board seats at Disney.