Here's Why Shares of Disney Are Lower in Monday's Session

Drexel Hamilton has cut its rating on Disney and lowered its price target.
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Drexel Hamilton has lowered its rating on stock of Disney  (DIS) - Get Report  to a HOLD from BUY, and also lowered its price target to $102 a share. Drexel Hamilton lowered its subscriber estimates due to cord cutting, and said the company's growth will likely be weighed down by losses at Shanghai Disney and difficult studio comps. TheStreet's Rhonda Schaffler has details from Wall Street.