CNBC Pro

MoffettNathanson downgrades Disney, says economic hit will be 'longer than most anticipate'

A pedestrian walks past a boarded up Walt Disney Co. Disney store in San Francisco, California, on Tuesday, March 24, 2020.
David Paul Morris | Bloomberg | Getty Images

(This story is for CNBC Pro subscribers only).

A top media analyst says Wall Street is underestimating the impact of the health crisis on Disney and downgraded the stock. 

More In Pro News and Analysis

CNBC ProMorgan Stanley: These 11 global stocks will benefit as inflation stays ‘higher for longer'
CNBC ProBest trades on CNBC Monday: Cramer's pet supply stock pick, BofA's big Rivian upgrade, and tech plays during low rates
CNBC ProSell-off in risky tech stocks feels a lot like the 2000 bubble and may not be over yet