Read Why Wells Fargo Prefers To Be An Aggressive Buyer Of Disney

Wells Fargo analyst Steven Cahall slashed the price target on The Walt Disney Co DIS to $196 from $203, implying a 28% upside, and reiterated an Overweight, citing the recent Disney+ subscriber slowdown. 

• Based on his deep-dive analysis, the analyst believes the slowing content machine was the culprit. 
• His cohort analysis of organic core net adds supports subscribers' reaccelerating with content amortization increasing. 
• Disney+ is now at a $150 billion discount to Netflix Inc NFLX based on his deconstruction, so he would be an aggressive buyer.
• Price Action: DIS shares traded lower by 0.46% at $153.29 on the last check Monday.