• Home
  • About Us
  • Contact US !
Incitasecurity
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car
No Result
View All Result
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car
No Result
View All Result
Incitasecurity
No Result
View All Result
Home Finance

BTIG cuts Disney rating to ‘sell’

anik by anik
January 12, 2016
in Finance
0
VIEWS
Share on FacebookShare on Twitter

“Stars Wars” may be a big hit at the box office, but BTIG is not impressed.

On Friday, the firm cut its rating on Disney to a “sell” due to guidance for upcoming years that is “far too high.”

“It is important to note that we believe that if ‘Star Wars Episode VII’ does not exceed $2 billion in worldwide box-office revenue, Disney will miss our FY2016 and consensus earnings estimates as well,” according to an analyst note.

Star Wars gives THIS global finance chief acredit

BTIG said it expects Disney’s earnings-per-share growth to “slow dramatically and miss Street consensus expectations in 2017 and 2018.” The current multiple is unwarranted, it said.

“In turn, we are reducing our rating on Disney to sell from neutral with a $90 one-year price target.”

Shares of Disney were down more than 3 percent midafternoon Friday.

Despite the dip, Martin Pyykkonen, senior research analyst at Rosenblatt Securities said he thinks “Star Wars” will move Disney’s stock higher.

“Obviously everyone’s focused on the opening weekend,” he told CNBC’s “Power Lunch” on Friday. “I think the bigger story here and if you go back to ‘Avatar’ six years ago — and I think this is going to apply to ‘Star Wars’ — it’s going to have long legs into the new year.”

Pyykkonen added although people are busy during the holidays, the movie will hold steady at the box office through March or April. In fact, the film doesn’t open in China until early January so he thinks those factors will play into a future stock move.
[“source -cncb”]

Tags: BTIG cuts Disney rating to 'sell'
Previous Post

Cramer: Why Wal-Mart and Apple are unmentionable

Next Post

The new funk on Wall Street: Why stocks are down today

Next Post
The new funk on Wall Street: Why stocks are down today

The new funk on Wall Street: Why stocks are down today

Recent Post

  • Diane: Unleashing Strength and Stamina with CrossFit’s Intense WOD
  • Building Strength and Community: Unleashing the Power of CrossFit Sioux Falls
  • Exploring the CrossFit Monthly Cost: Breaking Down Membership Fees and Value
  • Comparing CrossFit Physiques to Traditional Gym Builds in Female Athletes: Exploring Strength, Stamina, and Aesthetics
  • Cracking the Code: Unveiling the CrossFit Chipper Workout
  • Revitalize Your Fitness Journey with Acid Bath CrossFit: Embrace the Intensity and Achieve Peak Performance
  • The Cost of CrossFit: Pricing and Membership Options Revealed
  • Mastering the Split Jerk: Unleashing Power and Precision in CrossFit
  • Fit Check-In: Energize Your Stay with Hotel CrossFit Workouts
  • Unleashing Strength and Determination: The Inspiring Journey of Danielle Brandon in CrossFit
Incitasecurity

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Navigate Site

  • Home
  • About Us
  • Contact US !

Follow Us

No Result
View All Result
  • Home
  • Finance
  • Gadgets
  • Education
  • Latest Internet News
  • Technology
  • Social Media
  • Blogging
  • CrossFit
  • UpComing Car

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.