Disney Stock Is Having a Bad Week, Again
The Motley Fool
JULY 26, 2023
This hasn't been a good week for Walt Disney (NYSE: DIS) investors. The rain started to trickle down on Monday, when Evercore ISI (NYSE: EVR) slashed its price target from $130 to $110. The firm is lowering its near-term estimates, concerned about near-term weakness in linear-TV advertising revenue. With production strikes finding media networks scrambling for fall season content, it's easy to see why marketers might be holding back on that front.
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