What's Going On With Disney Stock?
Portfolio Pulse from Adam Eckert
Disney (NYSE:DIS) shares are struggling after multiple analysts lowered price targets following the company's Investor day. Disney announced plans to double investments in its Parks, Experiences and Products segment over the next decade to approximately $60 billion. Despite this, BofA Securities and Rosenblatt analysts maintained a Buy rating but lowered the price target, while Needham reiterated a Hold rating.
September 20, 2023 | 2:07 pm
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Disney's stock is struggling as analysts lower price targets despite the company's plans to double investments in its Parks, Experiences and Products segment over the next decade.
Disney's announcement to double investments in its Parks, Experiences and Products segment over the next decade is a significant move. However, the lowering of price targets by multiple analysts indicates a lack of confidence in the company's short-term performance, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100