Disney price target lowered to $111 from $118 at Rosenblatt

Rosenblatt lowered the firm’s price target on Disney to $111 from $118 and keeps a Buy rating on the shares. “This is shaping up as a difficult period for Disney,” the analyst tells investors in a research note. The firm reduced estimates but says Disney’s asset value “is meaningful, and seems likely to be realized, one way or another.”