Warner Bros. Discovery price target raised to $10 from $8 at Barclays

Barclays analyst Kannan Venkateshwar raised the firm’s price target on Warner Bros. Discovery (WBD) to $10 from $8 and keeps an Equal Weight rating on the shares. The firm says accelerating profitability growth in streaming and a much better growth outlook for studio next year, combined with higher acquisition probability, may help offset some of the well-understood risk of distribution loss.