$Disney (DIS.US)$$Bank of America (BAC.US)$ Bank of America ...

$Disney (DIS.US)$ $Bank of America (BAC.US)$ Bank of America reiterated its "overweight" rating on Disney as content platforms and theme parks recover. Analysts noted that the company's theater business performed poorly in the fourth quarter due to the new Omicron variant, but that could lead the company to reevaluate its film distribution strategy next year, when more films are likely to be shipped through Disney+ in addition to its traditional channels, which would broaden its reach and appeal. The theme park business has not yet been affected by the new omicron variant and expects attendance to continue to rise.