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Michael Morris Entertainment film reports Fox Michael Morris

"Multiple Positive Milestones" to Boost Media Stocks, Analyst Says

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Guggenheim Securities analyst Michael Morris on Monday said that media and entertainment stocks are in for gains in the coming weeks, citing "multiple positive milestones." On May 20, Morrishad expressed "concern that a stubborn investor focus on secular media headwinds (cord cutting, declining live ratings) under-appreciated the potential for cyclical-trend driven share appreciation in the near term." In his Monday report, he acknowledged that the media stocks he covers have since then outperformed the broader market.

Morris highlighted though that media stock declines from their February 19 highs "remain much steeper than the overall market decline." He concluded: "We see potential for additional outperformance in the coming weeks as.

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