Disney Gets Two Chilly Analyst Reviews

Family-friendly entertainment powerhouse Walt Disney (NYSE: DIS) got the cold shoulder from Wall Street on Tuesday. One analyst firm downgraded Disney's stock while another lowered its price target for the House of Mouse.

Loop Capital analyst Alan Gould lowered his Disney rating from a buy to a hold.

Gould argued that market makers are overestimating how quickly Disney can recover from the business damage of the COVID-19 pandemic and that Monday's executive-level reshuffling only increased the company's business uncertainty.

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Source Fool.com