The Walt Disney Company DIS shares are trading lower Monday. Evercore lowered its price target on the stock and new reports suggest the company is delaying some 2023 movie releases amid strikes.
What To Know: According to a Bloomberg report, striking actors are unwilling to promote movies, which may cause Disney to delay some of its titles.
A review of Disney's schedule of film releases through the rest of the year is reportedly underway. While the outcome of the review could impact films slated for release this year, the report indicates that certain films might be too advanced in marketing stages to be changed.
Evercore ISI Group analyst Vijay Jayant also maintained Walt Disney with an Outperform and lowered the price target from $130 to $110, which could be adding to the selling pressure on Monday.
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DIS Price Action: Shares of DIS were down 0.61% at $86.65 at the time of publication, according to Benzinga Pro.
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