2020-05-28 04:46:04 DIS Disney
05/28/20 05/2804:46 05/28/2004:46 | Disney downgraded to Underperform from In-Line at Imperial CapitalImperial Capital analyst David Miller downgraded Disney to Underperform from In-Line with a price target of $105, down from $107. The stock closed Wednesday up 57c to $121.53. The analyst reduced estimates for Disney to reflect a more conservative outlook for theme park volumes than previously assumed as well as lower film ultimates. The shares have "risen too far too fast" after jumping 21% over the last four weeks, Miller tells investors in a research note. The analyst recommends taking profits at current share levels. Disney looks like a named that should "traded" rather than "owned" for now, says Miller. | |
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