Walt Disney (DIS) PT Lowered to $130 at Rosenblatt

Rosenblatt analyst Barton Crockett lowered the price target on Walt Disney (NYSE: DIS) to $130.00 (from $137.00) while maintaining a Buy rating.

The analyst commented: "Disney's F2Q24 report stoked theme park worries, driving the shares down 10%. But if the economy is OK, park concerns should prove transitory, and trends recover -- helpful for a company where streaming is looking better. If we're wrong, activists will return and Disney will be in play for a breakup. Retain BUY rating, trim price target $7 to $130."

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