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With Wall Street analysts warning that the company has a lot of work to do before the epidemic and its economic consequences boom, Disney shares fell more than 2 percent on Monday.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| DIS | ALT Disney Company | 169.30 | -6.42 | -3.65% |
BMO analyst Daniel Salmon, who downgraded Disney’s stock from “outperforming” to “market-performing,” said that Disney’s longtime investor performance on Friday outperformed its rival Disney + streaming service in its “streaming giant Netflix. Shares of the company rose last week.
Disney’s stock rose after the announcement of Financial Investor Day
In a report titled “Now the hard part begins”, Salmon said Monday that he has added a new side slap-up slate to Disney +, which has gained 800 million subscribers since last fall, although he also “on the side.” To go ”. Shows for the next few years, including 10 new “Star Wars” series.
With Wall Street analysts warning that the company has a lot of work to do before the epidemic and its economic consequences boom, Disney shares fell more than 2 percent on Monday.
“We believe that improved rates of vaccination can help Disney continue as a solid‘ reopening ’,” he wrote. “For sure, the Disney + sub-forecasts have exceeded most bullish expectations, and are backed by an incredible amount of new content.”
Still, the analyst cited the uncertainties associated with the epidemic, which has crushed the company’s theme parks and movie industries. Salmon added that although the Covid-19 vaccine is being launched, he preferred media stocks such as Netflix, Google and Amazon.
Part of Salmon’s reasoning was the lack of detail on how the company would grow ESPN’s streaming brand, ESPN +, as live sports have been crushed by the epidemic. He also added that Disney has not given an update about “Disney + versus big movies running in theaters”.
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Rival Warner Bros., which recently decided to release a slate of its 2021 films on HBO Max, premiered in theaters a month later, Disney took a more traditional approach. The company has three big flicks for theaters next year, including “Black Widow” (May 7), which was delayed by a year by the novel Coronavirus.
