As previously reported, BMO Capital analyst Daniel Salmon downgraded Disney to Underperform from Market Perform, arguing that the recent positive upturn in investor sentiment and stock performance has come too early, leaving the risk/reward balance skewed to the downside. As reasons for his caution, Salmon cites expectations for more negative data points for ESPN, consensus Studio estimates that he believes may be too high and questions returning around replacing highly regarded CEO Bob Iger. The analyst lowered his price target on Disney shares to $88 from $90.

Netflix (NFLX) is scheduled to report its first quarter 2024 financial results and business outlook on Thursday, April 18. A video interview... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here