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Wells Fargo downgraded the stock on concerns about the effect of park closings due to the coronavirus.bulls since shortly after the mid-2017 announcement to pivot to DTC. We've thought the value creation from Disney+ would be enough to more than offset a declining environment for Media Networks. We still believe in that, but we didn't foresee this unique and severe downturn for Parks.
"When we think about what has been working in general within the U.S. retail landscape , we would characterize it as online, off-mall, convenience and value. WMT checks all four boxes. And in the current COVID-19 crisis,is in a favorable position. It is a largely consumables-based business and is value-priced.
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