(CNBC) Disney was downgraded to "sell" from "hold" at Pivotal Research, noting that Disney will have to either pay a higher price for the 21st Century Fox assets it plans to buy or face the negative consequences of the deal falling through.
I read this and it affirmed everything I hate about Wall Street analysts. We are looking at a wonderful company with amazing margins and great earning power. But, because they might have to bid more for the FOX assets they are downgraded to sell.
But if the market listens to this analyst a little too much and sends the price through the floor it might be beneficial. What do you think? Did Disney deserve the downgrade?
Submitted June 18, 2018 at 11:38AM by sisumoney https://ift.tt/2tjHJSU
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