UPDATE: Morgan Stanley Downgrades Disney, Awaiting Strong Performance of Lucasfilm Purchase
September 19, 2013 at 14:56 PM EDT
In a note on Thursday, Morgan Stanley Research analyst Benjamin Swinburne downgraded The Walt Disney Co. (NYSE: DIS ) from Overweight to Equal-weight rating and lowered the price target to $70. Swinburne noted ESPN's complete renewal distribution leading to limited affiliate growth and advertising risk. Further, the purchase of
