Overview

• 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.