Macquarie Downgrades Walt Disney to Neutral, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen downgraded Walt Disney (NYSE:DIS) from Outperform to Neutral and lowered the price target from $125 to $103.
May 19, 2023 | 10:10 am
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Walt Disney downgraded to Neutral by Macquarie, with a lowered price target of $103.
The downgrade from Outperform to Neutral and the lowered price target from $125 to $103 by Macquarie analyst Tim Nollen may negatively impact Walt Disney's stock price in the short term, as it indicates a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100