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Walt Disney (DIS) Price Target Cut at KeyBanc On Theme Park Data

July 20, 2022 11:58 AM EDT

KeyBanc Capital Markets analyst Brandon Nispel lowered the firm's price target on Walt Disney (NYSE: DIS) to $131 from $151 on Wednesday, maintaining an Overweight rating.

The analyst explained that Keybanc's domestic geolocation data tracking of Disney and Universal theme park attendance shows mixed results.

"Overall Disney attendance rebounded in June while overall Universal... More