Form 4 Warner Bros. Discovery, For: Jul 11 Filed by: Wiedenfels Gunnar
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Guggenheim Reiterates Buy Rating on Warner Brothers Discovery (WBD)
July 16, 2024 6:08 AM EDTGuggenheim analyst Mike Morris reiterated a Buy rating and $12.00 price target on Warner Brothers Discovery (NASDAQ: WBD).
The analyst comments "We update our Warner Bros. Discovery model to reflect 1) softer than previously forecast content revenue outlook at Studios, 2) lower Networks distribution outlook following Fubo non-renewal, and 3)... More
Warner Brothers Discovery (WBD) PT Lowered to $10 at Evercore ISI
July 16, 2024 5:00 AM EDTEvercore ISI analyst Vijay Jayant lowered the price target on Warner Brothers Discovery (NASDAQ: WBD) to $10.00 (from $12.00) while maintaining a Outperform rating.
The analyst comments :We are adjusting our WBD model to primarily incorporate lower contributions at the Studio given recent box office performances, with our EBITDA estimate coming down from $2.00bn to $1.93bn and below consensus... More
