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DIS

Atlantic Equities sees 'no easy fix' for Iger at Disney
Atlantic Equities analyst Hamilton Faber said Bob Iger's return to head Disney again as CEO "caught the market by surprise," but Faber sees "no easy fix," arguing that morale at the company needs to be improved, linear TV is "very material" and its declines are worsening, DTC losses will improve, but the long-term profitability is questioned, the parks have "issues" and guidance "needs to come down." Iger used M&A to transform the company a decade ago, but he sees few obvious targets, added Faber, who maintains a Neutral rating and $107 price target on Disney shares.