Walt Disney Co (NYSE:DIS) is one of the 12 Best Dow Stocks to Invest In Right Now.
On July 2, Ric Prentiss, an analyst at Raymond James, lowered the firm’s price target on Walt Disney Co (NYSE:DIS) to $111 from $119 and kept an Outperform rating on the stock
The firm cited survey data, industry checks, and recent Comcast commentary that indicate softer theme park attendance and weaker summer demand. Despite the downward revision to the price target, Disney saw strong momentum over the July 4 holiday, providing DIS investors with renewed reasons for optimism. The new movie Toy Story 5 was expected to make around $35 million in the US during the July 4 holiday weekend.
It is also performing well in cinemas worldwide, earning about $615 million so far. This shows Disney is seeing strong success in theatres again after relying heavily on streaming during the pandemic years. At the same time, the entertainment giant’s theme parks are extremely busy, with places like Magic Kingdom and EPCOT close to full capacity.