Disney’s theme parks could take 18-24 months to achieve pre-pandemic attendance levels, the company's shares have dropped 3% on Wall Street downgrades
Disney’s theme parks could take 18-24 months to achieve pre-pandemic attendance levels, according to Wall Street analysts, prompting UBS and Credit Suisse to downgrade the stock to neutral.... [+]Assuming Disney parks reopen at the start of 2021, crowds are unlikely to return in full until there is a vaccine widely available, which is expected to take about 18 months, UBS analyst, John Hodulik, said in his research note today.
Full recovery for the parks could take as long as 24 months, according to a note by Wells Fargo analyst Steve Cahall published earlier this month.from $140 to $116, saying that although he expects a full rebound for the parks, Disney’s situation remains unpredictable for the time being.
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