Disney shares upgraded
As the economy recovers, Disney theme parks historically will lag behind said a influential Wall Street Investment firm Sanford C. Bernstein. Disney received a mild upgrade from market perform to outperform due to the fast growing Disney cable networks.
The upgrade reveals the strength of a fast-growing cable network but does not reflect the health of Disney theme parks which are currently under-performing. Since consumer products like Toy Story have soared, analysts believe that the trend will continue with Toy Story 3 and Prince of Persia.
Some analysts project a very tepid growth of 0.7% in Disney brands in the fiscal year 2010. Although the investment firm believe that Disney will recover completely, the worst case scenario could be a decline as much as 3.1% through 2010.
Fundamentally, Disney theme parks are at risk for the next 2 years said some analysts which are the results of a global economic problem and not a internal failure.
The upgrade reveals the strength of a fast-growing cable network but does not reflect the health of Disney theme parks which are currently under-performing. Since consumer products like Toy Story have soared, analysts believe that the trend will continue with Toy Story 3 and Prince of Persia.
Some analysts project a very tepid growth of 0.7% in Disney brands in the fiscal year 2010. Although the investment firm believe that Disney will recover completely, the worst case scenario could be a decline as much as 3.1% through 2010.
Fundamentally, Disney theme parks are at risk for the next 2 years said some analysts which are the results of a global economic problem and not a internal failure.
posted by michael at
8:04 AM
