Warner Bros. Discovery stock downgraded by Wells Fargo on 'risky earnings setup'

Warner Bros. Discovery (WBD) stock fell more than 2% in midday trading on Monday after Wells Fargo downgraded the stock from Overweight to Equal Weight, citing a "risky earnings setup" to kick off the year. "We've taken a thorough scrub of our 2024 WBD earnings estimates and come out more…

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