Published on Sep 26, 2016
Drexel Hamilton has lowered its rating on stock of Disney (DIS) to a hold from a
buy, and also lowered its price target to $102 a share. Drexel Hamilton
lowered its subscriber estimates due to cord cutting, and said the
company's growth will likely be weighed down by losses at Shanghai
Disney and difficult studio comps.
Bracing For NBA Pressure - Downgrading DIS to Hold #TonyWibleCFA— Drexel Hamilton, LLC (@DrexelHamilton) September 26, 2016
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