Norfolk Southern CEO Alan Shaw discusses the ongoing dispute with activist investor Ancora and the proxy advisor firm Glass Lewis’ support for the activists ahead of a May 9th vote. Shaw also provides updates on the railroad’s operational progress and its operating ratio.
Wells Fargo analysts believe that Walt Disney (DIS) is poised for improved performance after emerging victorious from a challenging proxy fight. They anticipate better margins in the company’s direct-to-consumer business and stabilization in the sports segment. Disney is also expected to benefit from paid account sharing at Disney+, Hulu content integration, and potential full ownership of Hulu in 2023. Furthermore, ESPN’s valuation is projected to rise, supported by strong sports viewership. The bank has raised its earnings per share estimates for Disney in 2024 and 2025, leading to an increased price target of $141, implying significant upside potential.
