"KeyBanc Downgrades Disney Stock Amidst Uncertainty and Doubts"
TL;DR
KeyBanc Capital Markets analyst Brandon Nispel downgraded Disney stock to Sector Weight from Overweight, citing "meaningful uncertainty" and highlighting concerns about stalling direct-to-consumer subscriber growth, sagging Disney content sales, challenges in moving ESPN to streaming, and high expectations for domestic park attendance. Nispel also expects further losses from Disney+ and Hulu amid increasing competition. The downgrade comes after Disney reported a decline in Disney+ subscribers and weak theme park attendance data.
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