Walt Disney (DIS) Reports In-Line Q4 EPS of 68c
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Janney Capital Downgrades Walt Disney (DIS) to Neutral; Ad Deceleration, Reinvestment of Park Profits
November 9, 2012 7:23 AM ESTJanney Capital downgraded Walt Disney (NYSE: DIS) from Buy to Neutral with a price target of $55 following Q3 results, citing ad deceleration and reinvestments that are clouding growth.
"We believe the recent deceleration in advertising fundamentals (and ratings) combined with the reinvestment of Park profits will depress near term earnings growth and DIS's premium valuation," analyst Tony Wible... More
