Warner Bros. Discovery Stock Downgraded on Less Favorable M&A, Earnings Outlook, Content Licensing
Wells Fargo analyst Steven Cahall started the week by downgrading his rating on Warner Bros. Discovery shares, which had gained in 2023, from “overweight” to “equal weight” and cutting his stock price target by $4 to $12. “We’re changing our WBD thesis from deleveraging with multiple expansion to…
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