Its stock has been trading on the bottom end of a five-year bell curve of late, and last week saw KeyBanc analysts downgrade the company’s shares from “overweight” to “sector weight” on concerns associated with slowing growth for its Disney+ and Hulu OTT platforms.
What’s to come for The Walt Disney Co., which has received much press of late for high-profile layoffs at its ESPN unit? All will be revealed when it discusses its fiscal Q3 2023 results on August 9.
