Loop Capitalanalyst Alan Gould lowered the price target on The Walt Disney Co. to $165 from $190 (19 percent upside) but kept a Buy rating on the shares.
The analyst noted the performance of the company’s Parks business is “more than a reopening play,” boosting his operating income potential on the segment to over $6.5 billion versus the prior peak of $4.4 billion in FY19.
