2020-07-16 05:39:56 | Disney downgraded to Market Perform from Outperform at CowenCowen analyst Doug Creutz downgraded Disney to Market Perform from Outperform with a price target of $97, down from $101. The shares closed Wednesday up $2.24 to $120.90. The accelerating spread of COVID-19 in the U.S. will have a "prolonged" impact on Disney's parks and film businesses, Creutz tells investors in a research note. Total daily cases are now in the 60,000 range per day in the U.S., double the interim peak reached in early April, says the analyst. Creutz notes that Florida and California, states important to Disney's parks, are being particularly impacted. | |
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