Disney Stock Gets Downgrade From Analyst on Disney+ Concern
Surprisingly, 2021 has been a more challenging year on Walt Disney (NYSE: DIS) stock than 2020. I say surprisingly because this has been a year of economic reopening, where all its theme parks have reopened, blockbuster films are back on the big screen, and its hotels and resorts are welcoming guests. This is following 2020 when, because of the pandemic, many of those operations temporarily shut down.
The latest challenge came this week when Barclays analyst Kannan Venkateshwar downgraded Disney's stock to equal weight from overweight; and assigned it a price target of $175 down from $210.
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Source Fool.com
