The firm downgraded Disney stock to underweight Tuesday and lowered its price target to $76 per share from $113.
"Box office performance has also struggled with a clear decline from the 2019 Avengers: Endgame series climax," Hamilton said.
To be sure, the most recent "Guardians of the Galaxy" film, released this year, hauled in more than $800 million at the box office, according to Box Office Mojo .
Disney stock has slipped less than 1% from the start of the year, lagging the S & P 500's 18.6% gain.
DIS YTD mountain Disney stock is down less than 1% in 2023.
Persons:
Hamilton Faber, Hamilton, — CNBC's Michael Bloom
Organizations:
Disney, Marvel, Marvel Studios, Guardians, Office Mojo, DIS