"Analyst Predicts 17% Upside for Disney Stock Amid Proxy Fight and Turnaround Plan"

Barclays analyst Kannan Venkateshwar upgraded Walt Disney stock to overweight with a $135 price target, citing potential 17% upside as the company improves its financial performance. Despite a proxy battle with activist investors, the analyst believes better-than-expected earnings results could support the stock's valuation. Disney aims to achieve $7.5 billion in cost savings and is investing in growth initiatives, with the stock still trading over 40% below its previous high, presenting potential for further upside.