Disney’s inventory may possibly be receiving in advance of by itself soon after the return of famous CEO Bob Iger, according to JPMorgan. Shares of the media giant rallied after the Sunday night announcement that Iger was changing Bob Chapek , his previous successor. Wall Road analysts mainly cheered the go, with MoffettNathanson upgrading Disney to outperform from market perform . Shares ended up previous up extra than 5% on Monday. But JPMorgan’s Philip Cusick, who now had an over weight ranking on the inventory, reported in a be aware to clientele that it may well already be too late for traders to get a lot advantage from the transfer, at least in the limited phrase. “We like Disney shares extensive-time period, and recommended to acquire the current selloff on the numbers flush, but are reluctant to endorse chasing shares listed here (at present up ~8%). Whilst we would love to listen to an update from CEO Iger, the business does not have any community appearances scheduled in the fourth quarter, and any commentary from Iger prior to earnings looks optimistic,” the observe said. JPMorgan said Iger is not likely to make key modifications to Disney’s method in the around expression, other than probably accelerating Disney’s prepared obtain of Comcast ‘s stake in Hulu. JPMorgan nevertheless has an obese rating and a rate focus on of $135 per share for Disney. The inventory was trading close to $97 for every share close to midday Monday. Disclosure: Comcast’s NBCUniversal is the mum or dad company of CNBC.