Disney’s slowing park attendance will weigh on the stock for the next 12 to 18 months, analysts say

Date:

Share post:




Walt Disney Co.’s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

PepsiCo to pay $1.2 billion to buy Siete, to boost multicultural food offering

PepsiCo’s stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks...

Oil prices turn higher as Iran may enter the Middle East fray

Oil futures turned sharply higher in Tuesday dealings after the U.S. warned of a potential missile attack...

AI and crypto use lots of energy. Nuclear power and uranium look like the perfect fix.

Data centers are expected to consume more and more electricity thanks to growth in artificial intelligence and...

Hasbro and Mattel have most toy shipments locked in as port strike looms, analysts say

A strike along dozens of East Coast ports could cost the economy hundreds of millions of dollars...

AI chip startup Cerebras files for IPO, in market dominated by Nvidia

Cerebras Systems Inc., a maker of chips and other tech infrastructure for artificial intelligence, filed for an...

Chamber of Commerce calls on Biden to stop dockworkers strike, citing inflation fears

Big business is upping the pressure on President Joe Biden to intervene in a dockworkers strike set...

Amazon Prime Video’s ad event beat targets. That’s good news for the stock, says BofA.

Amazon.com Inc.’s streaming video service drew more than $1.8 billion in advertising commitments from last week’s upfront...

Consumer sentiment improves for third straight month, as expectations for the economy brighten

The second and final reading of the University of Michigan’s consumer-sentiment index in September rose to 70.1...