Walt Disney shares slid Tuesday after a downgrade, but "Fast Money" traders were torn over whether the media giant is worth buying.
Macquarie downgraded Disney to "neutral" from "outperform," citing concerns about subscriber losses at sports network ESPN and a lack of catalysts after the recent release of box office darling "Star Wars: The Force Awakens." The stock closed the day about 2 percent lower.
Some agreed with the bearish sentiment. Trader David Seaburg contended it faces "too many headwinds" and is no longer "something you can buy and put away" as an investment.
Disney deserves a "premium valuation," but investors should question its price at current levels, added trader Tim Seymour, who owns the stock.