Walt Disney got an analyst downgrade MoffettNathanson analyst, on Covid-19 impact.
MoffettNathanson analyst Michael Nathanson lowered rating on the media/entertainment giant’s shares to neutral from buy, ahead of the company’s first-quarter earnings.
Nathanson wrote that earnings revisions for the Disney could be “massively skewed to the downside” due to the coronavirus the pandemic, even as Disney+ continues to garner subscribers.
Nathanson also slashed his one-year price target to $112 from $120