Disney Faces $150M-$200M Blow From Hurricane Milton, Attendance Set To Drop 6%, Says Goldman Sachs
Portfolio Pulse from Piero Cingari
Goldman Sachs estimates that Hurricane Milton could cause a $150M-$200M impact on Disney's Parks and experiences, with a 6% drop in attendance. Despite short-term disruptions, Goldman maintains a Buy rating on Disney with a 12-month price target of $120.
October 08, 2024 | 1:30 pm
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Hurricane Milton is expected to impact Disney's Parks and experiences by $150M-$200M, with a 6% drop in attendance. Despite this, Goldman Sachs maintains a Buy rating with a $120 price target.
The hurricane is expected to cause significant short-term financial impact on Disney's Parks and experiences, leading to a 6% drop in attendance. However, Goldman Sachs maintains a positive long-term outlook, keeping a Buy rating and a $120 price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100