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Disney shares tumble on light guidance. But here’s why we’re raising our price target

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The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Presley Ann | Getty Images Entertainment | Getty Images

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The pullback in Disney shares Tuesday is overdone despite the Club holding reporting mixed fiscal 2024 second-quarter results. We like what we’re seeing beneath the headline figures, which could make the sell-off a buying opportunity once the dust settles around the stock.

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