Raymond James Lowers Disney Price Target to $111
Raymond James lowered its price target on Walt Disney (DIS) to $111 from $119, while keeping an Outperform rating. The cut reflects survey data pointing to challenges in the movie segment, but the analyst remains bullish on the parks business.
Key Numbers
On July 2, Raymond James analyst Ric Prentiss reduced the price target for Walt Disney Co (NYSE:DIS) to $111 from $119, maintaining an Outperform rating. The adjustment follows survey data that suggests headwinds in the film segment but underscores the strength of Disney's parks division.
Rating Change
Previously, the price target was $119 with an Outperform rating. After the revision, the target is $111, with the same Outperform rating. This indicates the analyst's long-term optimism despite the near-term cut.
Analyst Rationale
Prentiss believes Disney's parks business acts as a strong stabilizer, continuing to attract visitors and generate steady revenue. In contrast, the movie studio faces box office weakness, pressuring overall valuation. The cut was based on survey data showing expected underperformance in upcoming films.
Context
Disney (DIS) is among the 12 Best Dow Stocks to Invest In Right Now. Other analysts have mixed views; some focus on parks strength and streaming growth, while others cite studio challenges. The stock currently trades below the new target.
What to Make of It
The reduction reflects near-term caution on the film segment, but the maintained Outperform rating signals confidence in Disney's diversified business model, particularly parks. Investors may see a buying opportunity if film performance improves.
Frequently Asked Questions
Found this useful? Share it