JP Morgan cuts Disney earnings estimates and warns other analysts may too

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Traders work on the floor of the New York Stock Exchange (NYSE) on July 17, 2014 in New York City.

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With massive spending on the new streaming platform and the costly integration of Fox, Disney is putting its stock at a vulnerable place in the near-term, according to J.P. Morgan.

The firm slashed its fourth-quarter earnings estimates to 95 cents from $1.05 per share and its full year 2020 earnings estimates to $5.50 from $6.30 per share.

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