On May 4, 2020, MoffettNathanson, the respected Wall Street financial advisory, downgraded The Walt Disney Co. As the rest of the year played out, the downgraded “was proven so painfully wrong.” Fast-forward to today: Disney shares are right back to where they were trading when the downgrade was made.
What does MoffettNathanson have to say now about Disney? They’re having some trouble formulating a definitive view of the company.
