Disney's shares haven't been getting much love on Wall Street lately, but one new bull sees a buying opportunity.
Shares of Walt Disney Co. haven’t been getting much love on Wall Street lately, but one new bull sees a buying opportunity.
Admittedly, the company faces “more questions than answers right now,” according to Prentiss, who pointed to issues like Disney’s expected purchase of the one-third stake in Hulu currently owned by Comcast Corp. CMCSA, +0.57%, a potential sale of linear-TV assets, leadership uncertainty and the future of ESPN.
See also: Disney faces mounting challenges, but its Hulu ‘overhang’ could resolve sooner than expectedHis bullish initiation comes as Disney shares have dropped 21% over the past 12 months and as they’ve lagged the S&P meaningfully over a multiyear span.
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