Macquarie Downgrades Walt Disney: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Macquarie downgraded its rating of Walt Disney (NYSE:DIS) to Neutral with a price target of $103.00, a decrease from its previous target of $125.00. Shares of Disney are trading down 2.01% at $91.88 per share.
May 19, 2023 | 5:01 pm
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NEGATIVE IMPACT
Macquarie downgraded Walt Disney (NYSE:DIS) to Neutral and lowered its price target from $125.00 to $103.00. Disney shares are trading down 2.01% at $91.88.
The downgrade by Macquarie is likely to have a negative short-term impact on Disney's stock price. The lowered price target from $125.00 to $103.00 indicates a reduced outlook for the company's performance. Additionally, the 2.01% drop in share price over the last 24 hours suggests that the market is reacting to the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100