Disney shares are a buy if they fall to this level, technical analyst says $DIS (via TradingNation)
On Thursday, Guggenheim downgraded the stock to neutral on lost profits from park closures. Atlantic Equities also cut earnings estimates but upgraded the stock to overweight after its sharp sell-off., equity strategist at Miller Tabak, said it will bounce back and that any weakness should be taken as an opportunity. It closed Thursday at $96.97.
Disney's diversified businesses inoculate it against the worst of the coronavirus pandemic, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management.
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