Jim Cramer Mentions Disney (DIS) Price Target Cut

We recently published 15 Stocks on Jim Cramer’s Radar.  Walt Disney Company (NYSE:DIS) is one of the stocks on Jim Cramer's radar.

Walt Disney Company (NYSE:DIS) is one of the largest media and entertainment companies in the world. Its shares are up by a modest 1.2% over the past year and are down by 1.6% year-to-date. Early in January, Bank of America reiterated a Buy rating and a $140 share price target for Walt Disney Company (NYSE:DIS). The bank pointed out that the media and hospitality firm could experience a mixed bag of results from its movies during the first quarter. BofA also expects growth for Walt Disney Company (NYSE:DIS)’s Experiences business in the first quarter. This business is also a Cramer favorite as the CNBC TV host has praised it on several occasions. More recently, Citi cut Walt Disney Company (NYSE:DIS)’s share price target to $140 from $145 and kept a Buy rating. The coverage focused on the firm’s upcoming first-quarter earnings, and Cramer briefly discussed the action:

“Disney, Citi cut price target. . .145 to 140, I think it’s important to point out the stock’s situation.”

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Disclosure: None. This article is originally published at Insider Monkey.