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Disney (DIS) Stock Slides, Downgraded to ‘Hold’ at Stifel

NEW YORK (TheStreet) -- Shares of Walt Disney (DIS) are retreating 1.48% to $98 late Wednesday morning as Stifel reduced its rating on the stock to "hold" from "buy." The firm has a $110 price target on shares, Barron's reports.

The downgrade comes as the firm believes valuation is relatively full.

"Given the stock price and our view on relatively flattish OI growth over the next two years (particularly averaging our Studio/CP given the on/off years for the "Star Wars" franchise)...