Imperial Research analyst David Miller on Thursday downgraded his rating on the Walt Disney Co. to from "in-line" to "underperform," writing: "The stock has risen too far too fast and the performance is due simply to excitement around the prospects of the domestic theme parks re-opening." He also cut his price target on Disney's stock to $105 from $107 and his fiscal year 2020 and 2021 estimates "due to a more conservative outlook for theme park volumes than previously assumed, as well as lower film ultimates." Miller noted that Disney shares have risen 21.2 percent over the last four weeks, advising investors to "take profits, as Disney now looks like a name that should be 'traded,' rather than 'owned,' at least for now." He had lowered.