Wall Street: Disney shares down after rating downgrade and target price from Barclays

Disney shares down in premarket, down on Wall Street down to -1.7%. The judgment of Kannan Venkateshwr, an analyst at Barclays, weighs, who has revised down the rating on the stock, from “overweight” to “equal weight”. Venkateshwar also cut its target price on the entertainment giant’s stock by $ 35, to $ 175 per share. “The growth of Disney + has slowed the pace significantly,” the Barclays analyst said in motivating his downgrade.