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Marvel Entertainment Goes from Neutral to Overweight
Written by IESB Staff    Wednesday, 01 July 2009 04:21    PDF Print E-mail

We don't usually report on financial matters, but this one is kind of a doozy and has an interesting quote on financial guru's outlook on Marvel Entertainment.

{sidebar id=1}Tony Stark's Iron Man suit isn't the only thing getting an upgrade, financial heavyweight J.P. Morgan has upgraded Marvel Entertainment stock from "neutral" to "overweight" and jumped their target stock price from $27 to $42 per share. Wow, why the leap?

Morgan says Marvel is their, "top pick as we expect the company to continue to generate high margin revenue from exploitation of its library of characters and surprise the Street to the upside."

Well, considering production on IRON MAN 2 is almost completed and it's been getting nothing but good buzz and Marvel also has Thor, Captain America and their pice de risistance the Avengers film under their hat I would say that's a pretty good assumption.

Needless to say, Marvel Entertainment Inc. will be making it through this financial crisis just fine.

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