Disney Analyst Downgrades Stock: "Now the Hard Part Begins"
Walt Disney CEO Bob Chapek at the company’s investor day 2020 "Improved vaccination rates could help Disney continue to be a solid 're-opening' play, but with considerable multiple expansion ... we step to the sidelines," writes BMO's Daniel Salmon, making Netflix his top pick. BMO Capital Markets analyst Daniel Salmon on Monday downgraded his rating on the stock of the Walt Disney Co. from "outperform" to "market perform," citing "considerable multiple expansion recently for both initial vaccine news and Thursday's direct-to-consumer investor day." Following the event, Disney's stock hit a...