Disney’s ‘longer, slower profit climb’ could stop the stock from rising, says analyst

Walt Disney Co. faces a “longer, slower profit climb” that could limit upside for its shares, in the view of one analyst.

In particular, Disney

risks seeing “additional and more prolonged COVID impacts” on its parks business as well as higher-than-anticipated personnel expenses, according to Guggenheim analyst Michael Morris. He downgraded shares of Disney to neutral from buy on Friday, and cut his price target to $165 from…

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