Warner Bros. Discovery price target raised to $9 from $8 at Macquarie

Macquarie analyst Tim Nollen raised the firm’s price target on Warner Bros. Discovery (WBD) to $9 from $8 and keeps a Neutral rating on the shares. The firm rolled over valuation to 2025 but notes it made “few changes to our model” Warner Bros. Discovery reported that revenue fell 3.6% in Q3 while it also reported its first positive GAAP operating income and net income since merging in early 2022.