Walt Disney: Star Wars Obscures Cable Woes, Guggenheim Says
Guggenheim’s Michael Morris and Curry Barker cut Walt Disney (DIS) to Neutral from Buy today despite the upcoming Star Wars premier. The reason: Cable is a bigger problem than investors realize: ChinaFotoPress/Getty Images We are lowering our rating on Disney to NEUTRAL, while our fair valuation estimate goes to $115 (from a $114 price target […]
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