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
DIS,
-4.19%

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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