Wells Fargo gives a bullish endorsement to a beleaguered Disney. We’re awaiting Iger’s turnaround plan

Disney World’s Magic Kingdom in Orlando, Florida.

Joe Raedle | Getty Images News | Getty Images

Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we’re slightly more cautious and will be looking closely for a detailed turnaround plan from CEO Bob Iger.

(With inputs from CNBC)