Here's Why Citi Remains Bullish On Disney Despite Slashing Price Target By 5%

• Citi analyst Jason Bazinet lowered the firm's price target on The Walt Disney Co (NYSE:DIS) to $200 from $210 and reiterated a Buy rating on the shares. The price target implies an upside of 30%.
• Related Content: Here's Why Barron's Is Bullish On Disney Post Q1
• The company posted strong fiscal Q1 results driven by better than expected net streaming additions and strength in Domestic Parks, Bazinet notes.
• The price target drop reflects the recent compression in subscription-based valuations.
• Price Action: DIS shares traded lower by 2% at $153.22 on the last check Thursday.