JP Morgan cuts Disney earnings estimates and warns other analysts may too

Published Wed, Oct 9 20197:46 AM EDTUpdated Wed, Oct 9 20193:11 PM EDT

Traders work on the floor of the New York Stock Exchange (NYSE) on July 17, 2014 in New York City.

Spencer Platt | Getty Images News | Getty Images

With massive spending on the new streaming platform and the costly integration of Fox, Disney is putting its stock at a vulnerable place in the near-term, according to J.P. Morgan.

The firm slashed its fourth-q