Skip to main content

Market Overview

What This Disney, Comcast Analyst Says Coronavirus Vaccines Mean For Theme Parks

What This Disney, Comcast Analyst Says Coronavirus Vaccines Mean For Theme Parks

The COVID-19 pandemic severely impacted the theme park and hotel industries, but the continued rollout of multiple vaccines against the disease represents a "shot in the arm for theme parks," according to BofA Securities. 

The Disney, Comcast Analyst: Jessica Reif Ehrlich maintains a Buy rating on Walt Disney Co (NYSE: DIS) stock with an unchanged $223 price target.

See also: How to Buy Disney Stock

The analyst also maintains a Buy rating on Comcast Corporation's (NASDAQ: CMCSA) stock with a price target lifted from $62 to $68.

The Disney, Comcast Takeaways: The COVID-19 pandemic is showing signs of easing from a health perspective, as positive rates in the U.S. continue to fall from a mid-January peak, Reif Ehrlich said in a note.

More than 1 million vaccine doses are being administered on a daily basis, and a "broader relaxation" of lockdowns is imminent in the months ahead, the analyst said. 

Related Link: Why 4 Analysts Think Disney Can Thrive Now And After The Pandemic

Disney and Comcast own some of the most desirable theme parks, and both companies are well-positioned to address pent-up leisure demand, she said.

As a base case scenario, parks will return to normalized levels by 2023, but the reopening process in the near-term will act as a catalyst for shares, Reif Ehrlich said. 

Capacity does not have to return back to 100% pre-COVID-19 levels, as parks rarely reach full capacity on typical days, and the two companies can take advantage of significant operating leverage in the theme park businesses, the analyst said. 

DIS, CMCSA Price Action: Shares of Disney gained 2.82% Tuesday, closing at $197.09. Comcast shares gained 1.6%, closing at $53.34.

(Photo via Comcast. The company's Universal Orlando Volcano Bay is scheduled to re-open Feb. 27, 2021. )

Latest Ratings for CMCSA

Mar 2021Credit SuisseMaintainsOutperform
Mar 2021Wells FargoInitiates Coverage OnUnderweight
Mar 2021Morgan StanleyMaintainsOverweight

View More Analyst Ratings for CMCSA
View the Latest Analyst Ratings


Related Articles (CMCSA + DIS)

View Comments and Join the Discussion!

Posted-In: BofA Securities entertainmentAnalyst Color Price Target Reiteration Travel Analyst Ratings General Best of Benzinga

Latest Ratings

SCYXAegis CapitalMaintains40.0
ARGOBoenning & ScattergoodDowngrades
TLSAZacks Investment ResearchInitiates Coverage On7.5
TOTJP MorganUpgrades
WSOMorgan StanleyMaintains244.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at