Disney's Stock Soars Amid Proxy Battle, Shareholder Vote Looms

As Disney and Nelson Peltz clash over board seats, the company's stock continues to rise, with key endorsements and criticisms shaping the narrative.

Disney's stock has risen over 30% since Nelson Peltz announced his plans to seek seats on Disney's board, despite the ongoing proxy battle.
Barclays upgraded Disney stock to overweight, raising the price target to $135 per share, citing potential plans and guidance ahead of CEO Bob Iger's expected retirement in 2026.
Prominent figures, including George Lucas and Jamie Dimon, have shown support for Iger, while proxy advisory firms ISS and Egan-Jones have endorsed Peltz.
Disney criticized Peltz for his comments on Marvel Studios' diversity, asserting his lack of creative experience makes him ill-equipped for the board.
The final shareholder vote to determine the board's composition, crucial for Disney's future direction, is set for April 3.