We recently published 13 Stocks Jim Cramer Talked About. The Walt Disney Company (NYSE:DIS) is one of the stocks that Jim Cramer talked about.
Media and entertainment giant The Walt Disney Company (NYSE:DIS)’s shares are down by 4.5% over the past year and by 5.7% year-to-date. Several analysts discussed the firm in January. For instance, Citi cut The Walt Disney Company (NYSE:DIS)’s share price target to $140 from $145 and kept a Buy rating on the shares as it commented that while the firm could face some headwinds from its decision to buy FuboTV, investors would also focus on ESPN. The Walt Disney Company (NYSE:DIS)’s shares dipped in February after the firm reported its fiscal first-quarter earnings. The results saw the firm’s $26 billion in revenue beat analyst estimates of $25.7 billion as it also announced that CEO Bob Iger would step down from his role. Cramer discussed the impact of politics on The Walt Disney Company (NYSE:DIS)’s business:
“Yeah that Disney quarter, we didn’t talk enough about how, to separate the foreigners, I mean yes, Canada’s down. Canada and the weaker dollar. But it just seems like there are a lot of people that don’t want to come here because of the politics, but I know that the, they have data, and the data says that we’re unpopular overseas. I mean yeah no kidding in some ways, but I didn’t think it would impact Disney this way. I think people like, when you go to Magic Kingdom, it’s not like you’re going to MAGA. It’s Magic, not MAGA.”
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Disclosure: None. This article is originally published at Insider Monkey.
