Disney shares drop after two firms downgrade on concern about lost parks revenue

A visitor to the Disneyland Resort takes a picture through a locked gate at the entrance to Disneyland in Anaheim, CA, on Monday, Mar 16, 2020.
MediaNews Group/Orange County Register via Getty Images

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Two banks downgraded entertainment and theme parks giant Disney on Monday as the coronavirus crisis hits the company hard across multiple business segments. 

The stock fell about 3% in premarket on Monday morning, helping to lead a broader market slide. It finished Monday's session down 4.1%.