Disney Dealt Another Major Blow Amid Backlash: ‘A Losing Trade’

Disney Dealt Another Major Blow Amid Backlash: ‘A Losing Trade’
People visit the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., on April 18, 2022. Ted Shaffrey/AP Photo
Jack Phillips
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Disney’s stock was downgraded by investment company KeyBanc Capital Markets over fears of stalled growth due to lower attendance at its Disney World and Disneyland theme parks and lower streaming viewership.

“While Disney appears less expensive versus its historical average, we believe the stock is unlikely to work until a number of items have line of sight to being resolved,” analyst Brandon Nispel wrote, Barron’s reported.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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