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Rosenblatt Cuts The Walt Disney Company (DIS) PT Despite Q1 Earnings Beat
Rosenblatt analyst Barton Crockett reduced his price target on Disney (DIS) to $130 from $139, despite the company exceeding Q1 earnings expectations, citing a lack of passion in management’s tone. Disney reaffirmed its double-digit EPS growth forecast for the full year, with a projected slowdown in Q2 and recovery in the second half. The company also recently issued a cease-and-desist letter to ByteDance concerning alleged unauthorized use of its intellectual property for AI training.