Atlantic Equities downgraded Disney's stock Tuesday amid concerns about linear TV and declining interest in franchises like Marvel.
Walt Disney Co. has been candid about the challenges it faces in linear television, but one analyst is worried that a “negative tipping point” looms in this part of the business.
Atlantic Equities analyst Hamilton Faber turned bearish on Disney DIS shares Tuesday, cutting his rating to underperform from neutral and lowering his price target to $76 from $113. Faber has concerns about linear advertising trends as well as a “degradation in performance” when it comes to Disney’s film franchises.
The trends aren’t particularly surprising given a dearth of quality programming on traditional TV, but they nonetheless may come to affect Disney in a significant way. Faber expects linear advertising troubles could trim nearly $1 billion off the company’s 2026 forecasted operating income.Chief Executive Bob Iger recently suggested openness to a potential sale of some Disney linear-television assets, but it remains unclear how realistic that might be.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Atlantic Disturbance Could Become Tropical Depression | Weather.comA tropical wave is being watched in the open Atlantic. Here’s what you should know. - Articles from The Weather Channel | weather.com
Baca lebih lajut »
Two people dead after Canada Atlantic floods, two missing - officialsTwo of the four people missing after floods ripped through the Canadian Atlantic province of Nova Scotia over the weekend are dead, Premier Tim Houston said on Monday.
Baca lebih lajut »
JSO: 1 dead, 2 others hurt after shooting in Arlington areaJSO is conducting a death investigation at the intersection of Southside Boulevard and Atlantic Boulevard.
Baca lebih lajut »