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Disney Analyst Downgrades Stock: "Now the Hard Part Begins"

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hollywoodreporter.com

BMO Capital Markets analyst Daniel Salmon on Monday downgraded his rating on the stock of the Walt Disney Co. from "outperform" to "market perform," citing "considerable multiple expansion recently for both initial vaccine news and Thursday's direct-to-consumer investor day." Following the event, Disney's stock hit an all-time highas Wall Street lauded CEO Bob Chapek and his team for strong execution and an attractive slate of streaming content.

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