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Disney (NYSE:DIS) is reopening and assessing damage after Hurricane Milton
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Disney (NYSE:DIS) is reopening and assessing damage after Hurricane Milton

With Hurricane Milton now largely gone from Florida's shores, all that's left to do is cleanup. And for entertainment giant Disney (DIS), the disruption was comparatively minor. Investors breathed a sigh of relief and caused shares to rise slightly in Monday afternoon trading. According to reports, the Disney parks reopened on Friday and were operating on a “normal schedule.” CBS News.

Both the Disney Springs mall and the numerous theme parks that Disney operates in Florida began operating again on Friday. More specifically, some Disney locations were back open and operating as early as 7:30 a.m

Additionally, reports say power companies expect all of Florida to be fully restored by Tuesday, no doubt a welcome development for Floridians who spent the weekend without power.

A bit of reconstruction

Although Disney was able to successfully reopen many of its parks, the company also faced some challenges. In an Instagram post by Dr. Mark Penning, Disney's vice president of animals, science and environment, detailed what the animals – and their caretakers – endured during the storm. Not only did the animals have to be moved out of the storm's path to safer locations, but their habitats also had to be cleared and repaired afterwards.

However, several animals were reportedly successfully returned to their habitats at Animal Kingdom Lodge following the storm.

Is Disney Stock a Buy or a Hold?

As for Wall Street, analysts have a Strong Buy consensus rating on DIS stock based on 15 Buys and four Holds over the last three months, as shown in the chart below. Following an 11.49% increase in the share price over the past year, the average DIS price target of $113.36 per share implies an upside potential of 19.45%.

See more DIS analyst ratings

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