What This Disney, Comcast Analyst Suggests Coronavirus Vaccines Mean For Topic Parks

The COVID-19 pandemic seriously impacted the topic park and resort industries, but the ongoing rollout of various vaccines in opposition to the disease signifies a “shot in the arm for concept parks,” according to BofA Securities. 

The Disney, Comcast Analyst: Jessica Reif Ehrlich maintains a Purchase score on Walt Disney Co (NYSE:DIS) inventory with an unchanged $223 value concentrate on.

See also: How to Invest in Disney Inventory

The analyst also maintains a Acquire score on Comcast Corporation’s (NASDAQ:CMCSA) stock with a cost target lifted from $62 to $68.

The Disney, Comcast Takeaways: The COVID-19 pandemic is displaying symptoms of easing from a health viewpoint, as constructive charges in the U.S. go on to tumble from a mid-January peak, Reif Ehrlich said in a notice.&#13

More than 1 million vaccine doses are staying administered on a every day foundation, and a “broader rest” of lockdowns is imminent in the months ahead, the analyst mentioned. 

Associated Url: Why 4 Analysts Believe Disney Can Thrive Now And Soon after The Pandemic

Disney and Comcast very own some of the most fascinating theme parks, and both equally organizations are properly-positioned to address pent-up leisure demand from customers, she stated.

As a foundation situation situation, parks will return to normalized degrees by 2023, but the reopening approach in the in the vicinity of-phrase will act as a catalyst for shares, Reif Ehrlich explained. 

Ability does not have to return back to 100% pre-COVID-19 levels, as parks rarely get to entire capability on normal times, and the two companies can just take edge of substantial working leverage in the theme park companies, the analyst explained. &#13

DIS, CMCSA Cost Motion: Shares of Disney acquired 2.82% Tuesday, closing at $197.09. Comcast shares attained 1.6%, closing at $53.34.

(Image via Comcast. The firm’s Common Orlando Volcano Bay is scheduled to re-open Feb. 27, 2021. )