The recent surge of COVID-19 cases has put reopening targets on hold for many U.S. companies. Even companies such as Walt Disney Co (NYSE: DIS) are reeling from the effects. On Thursday, an analyst at Cowen expressed their concern and downgraded Disney stock. Cowen analyst Doug Creutz downgraded Disney from Outperform to
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Disney Expected To Have a Profitable Third Quarter Despite Solo and Uncertainty Around Fox Merger
According to a recent report in DEADLINE, Wall Street analyst Steven Cahall is predicting a profitable third quarter for the Walt Disney Company despite the poor performance of Solo and the uncertainty that remains among media analysts regarding the merger between Disney and Fox. Despite these shortcomings, Cahill still rates The Walt Disney