Reported 2 months ago
Disney's recent earnings report revealed a decline in its parks division, leading to a dip in shares. However, the streaming segment posted its first profit. Despite this, CFRA's Ken Leon highlighted the difficulty for Disney to align all its businesses for growth, particularly as the economy softens and consumers tighten budgets. He lowered the company's price target and noted that competition in streaming, especially from Netflix, adds to Disney's challenges, making future growth uncertain in the traditional entertainment sector.
Source: YAHOO