Jim Cramer Mentions Disney (DIS) Price Target Cut

Walt Disney Company (NYSE:DIS) is 1 of the largest media and amusement companies successful the world. Its shares are up by a humble 1.2% implicit the past twelvemonth and are down by 1.6% year-to-date. Early successful January, Bank of America reiterated a Buy standing and a $140 stock terms people for Walt Disney Company (NYSE:DIS). The slope pointed retired that the media and hospitality steadfast could acquisition a mixed container of results from its movies during the archetypal quarter. BofA besides expects maturation for Walt Disney Company (NYSE:DIS)’s Experiences concern successful the archetypal quarter. This concern is besides a Cramer favourite arsenic the CNBC TV big has praised it connected respective occasions. More recently, Citi chopped Walt Disney Company (NYSE:DIS)’s stock terms people to $140 from $145 and kept a Buy rating. The sum focused connected the firm’s upcoming first-quarter earnings, and Cramer concisely discussed the action:

“Disney, Citi chopped terms target. . .145 to 140, I deliberation it’s important to constituent retired the stock’s situation.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.