Raymond James Cuts Disney Price Target to $111, Keeps Outperform

Raymond James lowered its price target on Walt Disney Company (DIS) to $111 from $119, while maintaining an 'Outperform' rating. The revision comes as Disney shares face headwinds in the media and entertainment sector.

Rating Change

• Previous Price Target: $119
• New Price Target: $111
• Rating: Outperform (unchanged)

Analyst Rationale

The source did not detail the reasons for the cut, but it likely reflects concerns over Disney's earnings outlook amid streaming challenges and slowing theme park growth.

Context

Disney stock trades near $100, down over 20% year-to-date. Other analysts have mixed views; some see value, while others warn of continued pressure.

What to Make of It

The price target cut signals near-term caution, but the maintained Outperform rating suggests confidence in Disney's long-term prospects. Retail investors remain strongly bullish, which could provide support at current levels.