The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Editor's Pick

Disney stock just got downgraded at Wolfe Research: find out more

by
May 12, 2023
in Editor's Pick
0
Disney stock just got downgraded at Wolfe Research: find out more
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

Walt Disney Co (NYSE: DIS) is in focus this morning after a Wolfe Research analyst turned dovish on the entertainment conglomerate.

Disney+ lost 4.0 million subscribers in Q2

On Friday, Peter Supino downgraded the California-based company to “peer perform” and suspended his price objective on the stock.

His view is based primarily on the company’s direct-to-consumer business that the analyst warns will be slow in reaching profitability.

The DTC subscriber and linear TV outlooks keep deteriorating. DTC plan for > subs, > prices and < cost seems like cognitive dissonance.

Earlier this week, the mass media company said its flagship streaming service lost 4.0 million subscribers in the second financial quarter (read more). Consequently, Disney stock lost more than 10% in recent sessions and is now down about 20% versus its year-to-date high.

Why else did he turn dovish on Disney stock?

Disney could also take a hit if the U.S. economy slides into a recession that tends to hit advertising.

Supino turned dovish on Disney stock as he expects cutting promotional and SG&A expenses to be a headwind for the direct-to-consumer business in terms of gross additions. His research note reads:

Today’s late cycle consumer environment and deteriorating direct-to-consumer and linear revenue growth leave us more concerned about forecasting risk and time decay.

To that end, he’s not entirely convinced that Disney’s plans of raising prices later this year will be a good idea. Also this week, CEO Bob Iger confirmed that Hulu content will soon be added to the Disney+ streaming app.

The post Disney stock just got downgraded at Wolfe Research: find out more appeared first on Invezz.

Previous Post

Jim Cramer on Apple stock: ‘AAPL can easily blow to $200’

Next Post

Gov. Gavin Newsom likely to announce California budget deficit may be a lot bigger than previously thought

Next Post

Gov. Gavin Newsom likely to announce California budget deficit may be a lot bigger than previously thought

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Senate Republicans eye changes to Trump’s megabill after House win

    Senate Republicans eye changes to Trump’s megabill after House win

    June 1, 2025
    Trump shares post saying Biden was executed, replaced with clones

    Trump shares post saying Biden was executed, replaced with clones

    June 1, 2025
    House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

    House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

    June 1, 2025
    Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

    Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

    June 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved