Pirates' Success Can't Help Disney Stock

Tags: Pirates Of The Caribbean - Disney - ABC

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Despite strong performances from Pirates Of The Caribbean andCars, Disney shares remained in a funk Monday following yet another media analyst's downgrade. Cowen and Company analyst LowellSinger removed his "outperform" rating, replacing it with "neutral.""We do not expect shares to outperform the market over the next 12 months," Singer said, citing the continued problems of Disney's ABCtelevision network and enormous additional costs incurred by ESPN whenit renegotiated contracts with the National Football League andNASCAR.



18/07/2006


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