Disney (DIS) has released its latest earnings and whilst its stock price remains largely unwavered (at the time of writing, the price is actually higher than pre-earnings), the company has taken hits from all angles due to Covid-19.With its theme parks being shut, films on hiatus and sports being postponed, Coronavirus has taken a serious toll on Disney. Consequently, analysts are downgrading the company to a sell.
However, for long-term investors, a battered Disney stock price might just be worth their attention.
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