Disney (DIS) Stock Lower, Gets ‘Hold’ Rating at Brean Capital
NEW YORK (TheStreet) -- Shares of Walt Disney (DIS) - Get Report are down 0.49% to $97.99 early Thursday afternoon as Brean Capital initiated coverage of the stock with a "hold" rating.
The firm said concerns of cord-cutting will put a cap on the stock's multiple, the Fly reports.
Brean Capital also began coverage of several other large entertainment companies.
The firm started Time Warner (TWX) stock with a "buy" rating and $90 price target, noting that the company's growth should be driven by contractually negotiated fees from multi-channel operators, the Fly said.
Brean Capital also initiated coverage of Twenty-First Century Fox (FOXA) stock with a "hold" rating. The firm is cautious about the company's film schedule.
Shares of Time Warner are up 1.57% to $75.71 and Twenty-First Century Fox shares are increasing 0.67% to $26.92 this afternoon.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on Disney stock.
The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, expanding profit margins and good cash flow from operations.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DIS