Guggenheim analysts tweaked their Walt Disney (NYSE:) mannequin, reflecting a barely extra cautious outlook for the corporate’s Experiences section (parks, cruises, and so forth.) in a observe Wednesday.

The agency revised its F3Q Experiences income development forecast down to six.2% from 8.2% however nonetheless anticipates enchancment to six.7% in F4Q.

Regardless of the revision, Guggenheim expects F3Q adjusted section working revenue to stay consistent with administration’s mid-to-high-single-digit development steerage.

“Our F4Q Experiences adjusted segment OI growth of 9.0% is modestly below management’s prior ‘double-digit’ expectation,” Guggenheim famous, citing their up to date Parks information analysis.

Nonetheless, Guggenheim is not all doom and gloom for Disney. They raised their theatrical forecasts because of the robust efficiency of “Inside Out 2,” and adjusted their Direct-to-Shopper (DTC) estimates to account for greater Hotstar cricket rights prices.

These changes resulted in a barely decrease F3Q complete firm income projection of $23.2 billion, however section working revenue stays largely unchanged at $3.8 billion.

Regardless of the moderation in its Parks outlook, Guggenheim maintains a Purchase score for Disney and a $140 price goal.