- Truist analyst Matthew Thornton lowered the price target on The Walt Disney Co DIS to $160 from $200 and kept a Buy rating on the shares. The price target implies an upside of 15.8%.
- Thornton sees reasonable consensus subscribers for the quarter ending April 2.
- Also Read: Rumor: Is Disney About To Make A 'Big' NFT Acquisition?, Needham Sees Netflix Losing Out To Amazon, Disney, Apple and Other Streaming Rivals,
- He sees the final week as a vital deciding factor.
- The DTC content path and new market launches over the next several quarters offer shots-on-goal with continued recovery in Parks and Box Office.
- Price Action: DIS shares traded lower by 0.46% at $137.51 premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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