In a bid to maintain a competitive edge, The Walt Disney Company (DIS) plans to spend $60 billion on parks and cruises. The significant commitment, however, has elicited concern amongst Wall Street analysts.
"Expanding parks and cruises tends to be a multi year undertaking as a result of which, revenue and margin acceleration lags the investment cycle," Barclays analysts said. Moreover, Bank of America cut its price target for Disney from $135 to $110.
