Wells Fargo has decided to maintain its Equal-Weight rating of Warner Bros.Discovery WBD and lower its price target from $19.00 to $16.00.
Shares of Warner Bros.Discovery are trading up 3.56% over the last 24 hours, at $12.38 per share.
A move to $16.00 would account for a 29.29% increase from the current share price.
About Warner Bros.Discovery
Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm’s content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, HBO Max and Discovery+.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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