Walt Disney warns theme park revenue to fall, profit slips
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Walt Disney (DIS) PT Lowered to $120 at BofA Securities
August 8, 2024 9:33 AM EDTBofA Securities analyst Jessica Ehrlich lowered the price target on Walt Disney (NYSE: DIS) to $120.00 (from $145.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating but lower our PO to $120 from (from $145 previously). Our new PO reflects... More
Walt Disney (DIS) cut to neutral at Seaport
August 8, 2024 8:36 AM EDTSeaport Research downgraded Walt Disney (NYSE: DIS) to Neutral from its previous Buy rating, citing concerns over the outlook for the company's Parks and Direct-to-Consumer (DTC) segments following its latest earnings report.
In a note, Seaport highlighted that slowing performance in Disney's Parks division and less-than-expected profitability in the DTC segment are key factors driving the... More
Disney stock falls: Sees softening demand in experiences segment
August 7, 2024 7:07 AM EDT(Updated - August 7, 2024 9:56 AM EDT)
Walt Disney (NYSE: DIS) reported third-quarter earnings that surpassed analyst expectations, driven by strong performance in its Entertainment segment. However, shares fell more than 3% as the company warned of softening demand in its Experiences segment.
The stock was also pressured after it was reported that Disney and Comcast are still locked in a dispute... More
