Bernstein analyst Todd Juenger estimated in a report published on Thursday what attendance levels the Walt Disney Co.'s U.S.
theme parks need to make their reopening worth it for the company. He also raised his stock price target from $96 to $105. After Disney's recent earnings report, Juenger estimated that the Hollywood conglomerate's theme parks would lose $1 billion in earnings before interest and tax per month while shut down due to the novel coronavirus pandemic.
On Thursday, he he returned to the topic with anestimate of parks' profitability when reopened at reduced capacity. "Very little is known about cost flexibility and variable contribution margins," Juenger explained.
Read more on hollywoodreporter.com