Walt Disney Shares Hit 10-Year High

The stock is doing well early in the year amid analysts’ confidence in its theme parks and cable networks business.

NEW YORK – Shares of Walt Disney hit a 52-week and 10-year high on Wednesday after getting some love from Wall Street analysts in recent days, the LA Times noted.

Goldman Sachs, for example, had added Disney to its "conviction buy" list Tuesday, noting a rebound at the company’s theme parks division and improving financials at the company’s cable networks.

Analysts surveyed by The Hollywood Reporter at the end of 2010 for their 2011 stock picks also once again highlighted their confidence in the Disney management team led by CEO Bob Iger.

Disney shares on Wednesday hit $40 before closing up 2.5% at $39.96. Throughout 2010, the stock gained 16%.