** Pivotal Internet and Advertising analyst Brian Wieserdowngraded his ratings on nine stocks on Thursday, includingWalt Disney and CBS, pointing to increasedpolitical risk under President-elect Donald Trump
** "The assumption behind the Trump trade is that everythingis going to work out well and there's no mindfulness of the factthat in six months to a year, you could have significantinfighting in the Republican party," Wieser told Reuters
** Potential disagreements between Trump and Republicanlawmakers on major policy issues, as well as lack of experienceof some cabinet nominees, could lead to capital-destroyingcertainty, higher costs of capital and lower valuations, Wiesersaid
** Downgraded to "hold" from "buy" are: Adobe, CBS,Discovery Communications, Interpublic,Publicis, Salesforce.com, Twitter andWPP
** Disney downgraded to "sell" from "hold" and PT cut to$85, lowest on the Street. DIS shares down 1.5 pct and biggestdrag on S&P Consumer Discretionary index in day'ssession
WPP (WPP)
