$Disney(DIS.US)$ The analyst will cut expectations for Disney’s direct-to-consumer (DTC) revenue by $1.6 billion in fiscal 2024 to reflect the hypothesis of lower average revenue per user, and expects Hotstar subscribers to account for more than 45% of Disney+ subscribers.

$Disney(DIS.US)$ MoffettNathanson analyst Michael Nathanson lowered his target price for Walt Disney (DIS.N) from US$185 to US$180 and maintains a neutral rating