Warner Bros. Discovery at Equal Weight rating by Barclays, PT set to $24
Barclays analyst Kannan Venkateshwar initiated coverage of Warner Bros. Discovery (NASDAQ:WBD
-4.6%) with an Equal Weight rating.
Price target is set at $24, the stock is currently trading close to $18.9 and has taken a 4.6% dip in price so far.
Analyst mentions in the research note, "Despite headline valuation cheapness, the stock may be range-bound for a while due to the company's non linear integration path of newly merged assets and lack of visibility on legacy media trends."
Quick look at Q1 earnings.
Strong buy rating on the stock by contributor who writes: 'Warner Bros. Discovery: Forget The First Quarter Financials'