Apple should seize on the current market volatility to buy the Walt Disney Company, Rosenblatt Securities analyst Bernie McTernan wrote in a recent note to clients.
The note, published Friday, suggests that Apple should seize on the opportunity of Disney’s recent stock price decline to acquire the Hollywood entertainment powerhouse. Disney closed Monday at $95.01, giving the company a market cap of $171.53 billion. It’s been trading below $100 since last week, following the temporary close of its theme parks, former CEO Bob Iger stepping, and ongoing issues related to coronavirus.