Wells Fargo optimistic about beleaguered Disney

Disney World’s Magic Kingdom in Orlando, Florida.

Joe Radle | News Getty Images | Getty Images

On Tuesday, Wells Fargo said it expects Walt Disney (DIS) to “blow out” when the entertainment conglomerate reports first-quarter financial results early next month. At the Club, we are a bit more careful and will be following closely the detailed recovery plan from CEO Bob Iger.

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