Jill Goldsmith Co-Business EditorCowen analyst Doug Kreutz downgraded Walt Disney shares Thursday, reduced earnings estimate and cut its price target on the stock anticipating a more prolonged impact on parks and resorts as the spread of COVID-19 accelerates in the U.S.Walt Disney World reopened at limited capacity last weekend amid the surge.
Kreutz said he think there’s “a meaningful probability” that the park could be forced to close again or at best continue to operate with severe capacity restraints until at least mid-2021.
Read more on deadline.com