'I anticipate this stock will be back on track very soon,' says Rob Luna, chief investment strategist at Surevest. Another analyst gave it 24% upside.
There's one large-cap stock that investors should look into right now, according to Rob Luna, chief investment strategist at asset management firm Surevest. That's Disney , which just saw the surprising return of Bob Iger as CEO , ousting Bob Chapek. "The one large cap name you must be in here right now is DIS," Luna said. "Bob Iger is arguably probably the best CEO of the last two decades — what he's done with Disney.
Wall Street analysts broadly approved of Iger's return , with MoffettNathanson's Michael Nathanson upgrading Disney's from "market perform" to "outperform." He raised his price target to $120 — or 24% upside. 'Best in breed' small-cap stocks Though Luna's Disney pick is a large-cap stock, his general advice for investors is to move from big names to smaller ones. "I expect in 2023 to be the opposite of 2022.
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