Walt Disney Co saw its theme parks operate near full capacity during the July 4 holiday weekend, even as Raymond James analyst Ric Prentiss lowered the firm's price target on the stock to $111 from $119 on July 2, citing softer theme park attendance and weaker summer demand. The parks, including Magic Kingdom and EPCOT, had to turn away large groups due to high demand during the US 250th anniversary celebrations. Meanwhile, the new movie Toy Story 5 earned about $615 million worldwide so far, signaling a strong theatrical rebound for the entertainment giant.
Walt Disney CompanyTheme parks near capacity during July 4 holiday despite analyst's demand concerns
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Raymond James Financial Inc.