JPMorgan backs its Overweight rating on Disney (NYSE:DIS) despite the below-par box office results for The Lone Ranger. Most investment firms forecast the company will take a charge in Q4 to account for the film's failure to make back its production budget ($55M box vs. +$250M budget), but Disney has so many irons in the fire that the long-term outlook is as solid as ever. DIS +1% premarket to $65.56.
JPMorgan backs its Overweight rating on Disney (NYSE:DIS) despite the below-par box office...
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Symbol | Last Price | % Chg |
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DIS | - | - |
The Walt Disney Company |