One of the nation’s foremost investment houses with a focus on media, entertainment and technology companies has lowered its price target on The Walt Disney Company. But don’t think for a minute that direct-to-consumer content is underperforming for the owner of ABC, ESPN+, Hulu and Disney+.
Rather, it is the company’s theme parks unit that has MoffettNathanson Senior Analyst Robert Fishman wary of the company’s coming fiscal quarters.
